Herald - Issue 480

Page 62 • The HERALD • 18th September 2025 v THE HERALD - Your Community Magazine v ASK A PROFESSIONAL TO LET MODERN OFFICE UNIT First Floor 980 sq. ft. (91.04sq. mt.) Ground Floor 980sq. ft. (91.04sq. mt.) Air conditioned first floor offices, Open plan ground floor, Kitchenette & WC on both floors 9 Parking spaces Available on short or long term let Would consider letting floors separately Chevron Business Park, Hardley, SO45 2QL For details please contact: Helen - 07815 744898 GoSimpleTax Urges Booming Side-hustle Community to Check if They Owe Tax as Self-Assessment Registration Deadline Looms Self-assessment tax so ware company, GoSimpleTax, has launched a free online calculator to help the UK’s growing side-hustle workforce check whether they owe tax, following a renewed HMRC push for people to review their obligations ahead of the Self-Assessment registration deadline. With two in ve Brits (39%) currently engaged in at least one side hustle - and Southampton ranked as the UK’s third most active city for side hustles - hundreds of thousands risk penalties if they fail to check whether they need to le a tax return for the 2024 to 2025 tax year. Under current rules, anyone earning more than £1,000 from self-employed work, freelance projects, or side hustles must register with HMRC and submit a Self-Assessment tax return. Even those earning less are strongly advised to keep records of all income and expenses. The recommended deadline to register for self-assessment for the tax year 2024-25 is 5th October and the deadline to le online and pay any tax owed for the year is 31st January 2026. GoSimpleTax’s calculator estimates take-home pay by deducting Income Tax and National Insurance from a user’s total side-hustle income. Users can also factor in business expenses before seeing their estimated tax bill. is gives side hustlers a clear, instant picture of what they might owe, and time to plan ahead. Mike Parkes, Technical Director at GoSimpleTax, said: “Side hustles are booming, but many people are unaware of their tax responsibilities. If you earn more than £1,000 a year from activities such as selling on Vinted or Etsy, delivering via Uber Eats or Deliveroo, creating content on TikTok, or freelancing on platforms like Upwork, you may need to register with HMRC and file a tax return. That £1,000 threshold sounds high, but it’s just £84 a month - easy to exceed without realising. Our free calculator helps people check what they owe quickly, plan ahead, and avoid unexpected tax bills or penalties.” Southampton residents - and anyone with a side hustle - can calculate their estimated income and tax bill using GoSimpleTax’s online tool here: https://www.gosimpletax.com/ side-hustle-take-home-pay-and-taxcalculator/?_thumbnail_id=16156. Mike Parkes, Technical Director at GoSimpleTax

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