Skip to main content

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

Posted Tue, 06 Jun 2023 20:56:04 GMT by freddo765
Hello, I need some guidance with regards to my tax return. I want to know what I am to declare on the tax return regarding income. I have included my salary using my p60 and charitable donations. However I have a small amount of 'miscellaneous' income from freelance work. I understand that this can come under the Trading Allowance, but when I include this information the system wants to tax me on this income. Likewise if I include savings interest. Is savings interest (within the PSA) to be declared or not? Many thanks.
Posted Mon, 12 Jun 2023 09:08:03 GMT by HMRC Admin 8
If the income qualifies for the trading allowance then you don't need to declare it on the return.
The savings interest should be declared:
Tax-free allowances on property and trading income
Thank you.

You must be signed in to post in this forum.