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New laptop as cost for my self-employment

the_learner · 2021-09-20 11:37:35

Hi, I currently have a contract with a company that pays me a daily rate through an umbrella company. Apart from this, I am running a subscription based service through my website that is going to generate about 2k of profit in a year. I already submit my self assessment every year and I know that I will have to register…

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the_learner Posts: 183 Forumite

22 September 2021 at 9:15PM

Yes, I admit initially I thought I could claim those costs but still be able to use the trading allowance. For my very small activity, I guess the 1k trading allowance is the best solution.
Annoyingly, the remaining part will be taxed at my marginal income tax rate...

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