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Aleksandra Laniecka

Aleksandra Laniecka

Joined: 5/20/2024

  • Trading Allowance vs Foreign Income

    Mon, 20 May 2024 08:38:59 GMT – Trading Allowance vs Foreign Income
    Hi. I have a full-time job here in the UK and as a sole trader (coaching). In the last tax year, I earned a bit over £800 coaching, however, 100% of the income was from my clients in an EU country. I have two questions: 1. Do I declare this income as foreign income? 2. Does the Trading Allowance of £1000 apply at all? Thank you in advance.