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Urgent HMRC warning as missing October deadline could cost you £100
HM Revenue and Customs warns side hustlers earning over £1,000 annually to register for Self Assessment by October 5 to avoid a £100 fine, with 45% of employed Brits considering side gigs.
- On Sunday, October 5, HMRC warned side hustlers selling on eBay, Vinted and Etsy to register for Self Assessment by the deadline.
- New research shows 45% of employed Brits plan side gigs, and business advisor Graeme Tidd and specialist Sharn Haywood-Higgs shared tips for going full-time.
- Anyone earning above the threshold must register with HMRC for Self Assessment by October 5 following the tax year and those earning from online marketplaces must comply.
- Missing the deadline can trigger automatic HMRC penalties and further fines of £100 or more, and delay any tax refunds or reliefs you are entitled to.
- Broader changes mean 2.64 million people are expected to pay savings tax in 2025/26, with just 19,600 in savings using up the Personal Savings Allowance .
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HMRC warning of fines ahead of Sunday's 'crucial' deadline
The deadline to register for self-assessment is October 5 2025, this Sunday. Missing it can trigger HMRC fines and delay any tax refunds or reliefs you are entitled to.
·Cumbria, United Kingdom
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Total News Sources20
Leaning Left0Leaning Right1Center19Last UpdatedBias Distribution95% Center
Bias Distribution
- 95% of the sources are Center
95% Center
C 95%
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