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Do You Need to Report TikTok Shop Earnings?
When You Don’t Need to Report
- If your total income from self‑employment or side hustle including TikTok Shop sales is £1,000 or less in a tax year (6 April to 5 April), you don’t need to inform HMRC or pay tax on that income. This stems from HMRC’s £1,000 trading allowance.
When You Must Report
- If your total trading income exceeds £1,000 in a tax year, you’re required to:
- Register for Self Assessment by 5 October following the end of that tax year.
- Submit a Self-Assessment tax return by 31 January.
Upcoming Tax Changes
- There’s a planned change: incomes between £1,000 and £3,000 will no longer require a full Self Assessment return once a new online reporting tool is implemented (expected by 2029). However, for now, you still need to declare such earnings.
HMRC Is Increasing Oversight
- HMRC now receives income data directly from digital platforms like TikTok. Even smaller sellers may be flagged if earnings or transaction counts catch their attention.
Summary Table
| Total TikTok Shop Income (per tax year) | Reporting Requirement |
|---|---|
| £1,000 or less | No need to report or pay tax |
| Over £1,000 | Must register Self Assessment and file a return |
What This Means for You
If your sales are truly small—keeping total side‑hustle income under £1,000 annually—you’re in the clear and don’t need to do anything. But if you exceed that threshold, it’s important to act promptly to remain compliant with tax laws.
Would you like help with how to register for Self-Assessment or manage expenses to reduce your taxable profit?
