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Is tax free £1000 trading allowance now law??
rocketqueen
Posts: 114 Forumite
in Cutting tax
Does anyone know if the £1000 tax free trading allowance for self employed income has come into effect?
The Gov.uk website shows it has but I asked HMRC via their customer services and they have said today that it is no longer applicable?
The Gov.uk website shows it has but I asked HMRC via their customer services and they have said today that it is no longer applicable?
0
Comments
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Yes it has, as of the current tax year.
https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income0
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