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Beermoney from a cashback offers and bank switches aren’t taxable as they’re considered a cash inducements by HMRC which are tax free. The only Beer Money which counts towards your personal trading allowance and is therefore taxable is income from surveys, and any income you earn from reselling goods (not personal items) online. In your case Ebay/Vinted will report your income to HMRC but you’ll need to self report any income you receive from Surveys, if your total income from these routes exceeds the £1k personal trading allowance. Correction: the £100 fairer share payment from Nationwide counts towards your interest on savings allowance as it’s considered interest by HMRC, not personal trading allowance.
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As the UK Government offers £1,000 tax free trading allowance for any beermoney making on the side of your job, what do people do about this? Do you declare it yourself? Or do they contact you? If you survey/games etc enough to reach that amount, is there a process to declare this or do most people not bother? I’ve made a chunk of money selling old items on vinted over the last few months which will take up half this allowance, and now I’m getting into some more side hustle work I want to know if I’ll be charge a big bill come April. I’m assuming if you transfer your balance from surgery/GPT sites into gift cards it doesn’t count towards this amount? What if you were to do event work and they paid you via bank transfer? Would this count? I should probably keep track of the income I’m getting from survey work so I know if I’m getting close to this figure.