Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Trading income allowance
guitarman_555
Posts: 13
Forumite
Hi not sure if I'm in the right forum.
When I fill my tax return in April, I normally put my gross turnover (box 9) then take my expenses off (box 20) and put my net profit in box 21.
This year I'm going to be using the £1000 trading allowance.
So after I do my gross turnover and £1000 trading allowance (box 10.1) where do I put my net amount? as there doesn't seem to be a box.
When I fill my tax return in April, I normally put my gross turnover (box 9) then take my expenses off (box 20) and put my net profit in box 21.
This year I'm going to be using the £1000 trading allowance.
So after I do my gross turnover and £1000 trading allowance (box 10.1) where do I put my net amount? as there doesn't seem to be a box.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards