Skip to main content

beta This is a new service – your feedback will help us to improve it.

£ 1000.00 trading allowance

Answer
Pongo365
Posted Tue, 19 Nov 2024 21:04:16 GMT by Pongo365
very new to self employment , so would someone be able to explain in simple terms the £ 1000 trading allowance. is this for every sole trader and how is it used ? any help much appreciated.
Answer
HMRC Admin 34 Response
Posted Wed, 20 Nov 2024 15:37:58 GMT by HMRC Admin 34 Response
Hi,
Please refer to guidance at:
Tax-free allowances on property and trading income
Thank you

You must be signed in to post in this forum.