Tax-free amount that the self-employed can claim. It currently sits at £1,000.
If you earned <£1,000, it’s tax-free, it doesn’t need to be declare or filed in a tax return.
If you earned >£1,000 but expenses are <£1,000, you can claim the full £1,000.
If your expenses are >£1,000 but don’t have receipts, you can claim the £1,000 tax free allowance.
Our first post on our blog! We can't wait to show you what's next
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Here’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salary
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As part of our interest in supporting Etsy sellers, we’ve been doing some digging into the current state of the Etsy world as lockdown becomes more and more a thing of the past.
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