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Posted Thu, 11 Jan 2024 10:38:52 GMT by Isaac Palmer
Hi there, I'm a PAYE employee who earned £33,000. I also earned £3,600 from self-employed income. I've ascertained that £1,000 or under of self-employment income does not need to be declared. Does this mean that on my tax return, I input £33,000 as my PAYE earnings and £2,600 as self-employed income? Many thanks, it's really hard to find definitive answers online so thought it would be easiest to ask. Cheers
Posted Mon, 15 Jan 2024 12:20:56 GMT by HMRC Admin 10 Response
Hi
No. You declare the £3600 as turnover from self employment and then claim the trading allowance of £1000. you cannot claim any other expenses for your self employment if you claim the trading allowance.
Posted Tue, 16 Jan 2024 09:16:23 GMT by Isaac Palmer
Understood thanks. I can see where to do this on the self-assessment now and the calculation makes sense. Thanks for your assistance
Posted Tue, 07 Jan 2025 21:27:18 GMT by Andreas Vrahimis
In the scenario above, would the individual also need to take any action beyond the declaration of that £3,600 income on their self assessment tax return, assuming that they have been registered and reporting self assessment tax returns for the last few years because of PAYE earnings above £100k? Would they need to register for self-assessment as self-employed even if that £3,600 income from self employment was a one-off from some one-off consulting work?
Posted Thu, 23 Jan 2025 09:03:41 GMT by HMRC Admin 25 Response
Hi Andreas Vrahimis,
If already in Self Assessment, you just need to tailor your tax return to add this source of income.
How do I tailor my Self Assessment tax return?
Thank you. 
 

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