Claims extracted
15
sentences that state something as happening or true
Uncertain
20%
3 of 15 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
66/100
The Guardian's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling.
asserted
who → earn → hobbies
Up to 1.4 million people could benefit from the change announced in the budget, with the chancellor confirming the tax-free “trading” allowance will increase from £1,000 to £3,000 in April 2027.
uncertain
allowance → benefit → April
The number of Britons with a side hustle has exploded in recent years, with reselling clothes, tutoring and dog-walking among the popular avenues to create extra income at a time when household finances are under pressure.
asserted
finances → explode → pressure
Last year, 2.6 million people made money selling goods through platforms including eBay, Vinted and Etsy, according to data provided by HM Revenue and Customs (HMRC) to accountancy firm Lubbock Fine.
uncertain
people → make → Fine
Currently, people can earn up to £1,000 a year from a side hustle without paying tax but above this you may owe tax if your total income, including your main job, is above the £12,570 personal allowance.
uncertain
income → earn → allowance
Out of the 1.4 million people, an estimated 400,000 will see their tax bill go down, with an average saving of £380.
asserted
bill → estimate → 380
Meanwhile, about 100,000 people will no longer have to report their trading income to HMRC.
asserted
people → have → HMRC
Sarah Coles, the head of personal finance at AJ Bell, said that for people with a small side hustle, the more generous allowance “doesn’t just save tax, it also takes the hassle of admin off their plate”.
asserted
it → say → plate
As a result, she added: “You can spend more time working for yourself and less doing paperwork for HMRC.
asserted
You → add → HMRC
It means you can make £3,000 before you have to think about doing a self-assessment tax return.”
asserted
you → mean → return
Coles said people who were making more than £3,000 would have the choice to use the allowance or subtract business expenses and capital costs when calculating their profits for tax purposes.
asserted
who → say → purposes
Jane Hawkes, a consumer champion and the founder of the Lady Janey blog, said side hustles were a great way to turn hobbies, skills and spare-time activities into extra cash and “increasing the allowance should make this easier without wholly unnecessary red tape”.
But, she added: “It’s important that people understand their tax obligations, particularly the distinction between selling unwanted personal belongings and trading for profit, so they don’t inadvertently fall foul of HMRC rules.
asserted
they → say → rules
Selling your own clothes or other items is not taxable if you’re selling them for less than you originally paid as you are not making a profit.
asserted
you → sell → profit
Rules came into force last year requiring platforms to inform HMRC about their sellers and how much money they made.
asserted
they → come → money
HMRC now receives data about every seller who made 30 sales or €2,000 (about £1,700) on any platform in the past year.
asserted
who → receive → year
The Aporia
