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£1,000 tax-free allowances

Answer
Elizabeth Valero
Posted Thu, 18 Apr 2024 11:57:52 GMT by Elizabeth Valero
I notice the tax free allowances (one for property and one for self employment) are for up to 1,000. My question is, do I need to put the exact figure spent in the box or can I just enter £1,000. Thank you in advance.
HMRC Admin 25 Response
Posted Tue, 23 Apr 2024 15:40:57 GMT by HMRC Admin 25 Response
Hi Elizabeth Valero,
If your expenses are less then £1000, you can claim the full £1000 trading allowance.
Thank you. 

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