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Self assessment question
imamutant
Posts: 55 Forumite
in Cutting tax
Hi all,
Finishing off my self assessment, and there's one section which I don't fully understand. It's on the 'other tax adjustments' section, and it reads:
Income, receipts and other profits included in business income or expenses but not taxable as business profits (optional): £...
And when I click help, it says "If you included any amounts in 'turnover' on the Income page that you know are not taxable, deduct them here."
What exactly does this mean? What could be an example of an income that I could put here? Thanks
Finishing off my self assessment, and there's one section which I don't fully understand. It's on the 'other tax adjustments' section, and it reads:
Income, receipts and other profits included in business income or expenses but not taxable as business profits (optional): £...
And when I click help, it says "If you included any amounts in 'turnover' on the Income page that you know are not taxable, deduct them here."
What exactly does this mean? What could be an example of an income that I could put here? Thanks
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