katykt
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RE: Tax-free allowances on trading income
Hi, Thank you for your response. After I complete the foreign income, do I still need to declare the other part income (less than £1000) from my self-employed work which was paid from an online platform (Fiverr) to my UK bank account? Thank you. -
Tax-free allowances on trading income
Hello, My main job is taxed via PAYE. I also do some self employed work throughout the year as a second source of income which a part of the income (less than £1000) was from a foreign country directly paid to my UK bank account and the other part of it (also less than £1000) was paid from an online platform to my UK bank account. Combining the two parts of the income, it exceeds the £1000 tax-free allowances on trading income. Am I eligible for the tax-free allowances? Do I declare the foreign income in the 'Foreign' section and the online platform one in the 'Self-employment' section? Thank you.