as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
how is taxation for youtube/twitch etc monetization handled in the uk?
user
the difference between a hobby and a business is income. yes, every country i know of allows you to do something as a hobby until it becomes profitable and then change it into a business once it becomes likely to turn a profit. there's usually a limit in terms of how much profit or revenue you can make before it must be declared as business. i'm sure someone else will mention the exact numbers for the uk.
assistant