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 nextRead more
Here’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salaryRead more