If you’re anything like many of my fabulous performer clients, your house probably contains a carefully curated mix of props, vintage bits, musical instruments, and at least one sparkly outfit that “might come in handy again one day” (but hasn’t since 2017).
So, when the spring cleaning mood hits and you find yourself listing things on eBay, Vinted or Etsy – maybe even renting out your spare room or studio on Airbnb – it’s easy to think: “This is just a bit of decluttering, just a little extra cash, right?”
Well… HMRC might have other ideas. And lately? They’re singing a familiar tune:
“If you sell online, I’ll tax your fee…” (Apologies to George Harrison.)
Yes, The Taxman Is Watching
HMRC has started sending letters to around 6,000 people who they believe may have earned money online that wasn’t declared. These letters relate to the 2021–22 and 2022–23 tax years, and apply to people who:
- Had 30 or more transactions in a year
- And made over £2,000 in sales (not profit – income!)
And no, the letters don’t specify what you sold or where. Just a vague nudge and a 30-day deadline to respond.
So What’s the Deal?
If you’ve been:
- Selling your personal items (clothes, old gear, random theatre props): You’re likely fine.
- Buying items to sell, or making things for profit: That’s a trade.
- Renting out your property: That’s income.
- Teaching lessons online, selling music downloads, doing side gigs: Also income.
Once HMRC gets your reply, you might need to enter a disclosure process and pay what’s owed (you’ll get 90 days to sort it).
Performers, This Is For You
We’re a creative bunch, and many of us wear lots of hats (some of them literal!). So whether you’re selling old set pieces, flipping vintage microphones, or renting your flat while on tour – it’s worth checking whether that’s taxable income.
Even selling something valuable like a vintage violin or a rare Beatles LP over £6,000 could trigger Capital Gains Tax.
There’s a handy tool from HMRC here to check if you need to declare anything:
Check your side hustle income
Final Note From the Singing Accountant
I know taxes are rarely fun. But they’re even less fun when HMRC turns up with a bass drum and says, “You forgot this bit.”
If you’ve had one of these letters, or you’re just not sure if your online side hustle counts – I’d love to help. I promise to make it as painless and drama-free as possible (with optional harmonies).
Book a chat, bring your questions, and we’ll get you pitch-perfect with your taxes.
– Louise
The Singing Accountant
