HMRC Trading Allowance

whambam

The trading allowance was introduced from 6 April 2017. If you have annual gross income from self-employment of £1,000 or less then you may not need to register your self-employment for that year. If this applies to you please read the guidance at gov.uk (https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trading-allce) before completing this form.

Do you need to register only with the HMRC if your earnings goes a penny above £1k?

[Deleted User]

If your claiming any benefits I think you may have to declare it to tgat agency too.

whambam

Yes you can be on UC and also be self employed once your earnings exceed a certain amount per month the UC stop.

Darksparkle

I thought you had to be registered self employed with HMRC to claim UC?

calcotti

Darksparkle wrote: »

I thought you had to be registered self employed with HMRC to claim UC?

UC is for anyone on a low income (and limited savings) regardless of employment status.

Darksparkle

calcotti wrote: »

UC is for anyone on a low income (and limited savings) regardless of employment status.

Well done for stating the obvious. You've missed the point though.

Icequeen99

Darksparkle wrote: »

I thought you had to be registered self employed with HMRC to claim UC?

It isn't in the regulations like it is for Tax Free Childcare

IQ

whambam

Does UC include child and working tax credits I see you are unable to apply for it now with the HMRC?

poppy12345

whambam wrote: »

Does UC include child and working tax credits I see you are unable to apply for it now with the HMRC?

It replaces these....hasn't this been covered in one of your many other different threads?