Trading allowance

Trading allowance

The following Personal Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Trading allowance
  • Relevant income for the trading allowance
  • General exclusions from the trading allowance
  • Mechanism of relief
  • Full relief ― gross receipts of up to £1,000
  • Partial relief ― gross receipts of more than £1,000
  • Interaction with other provisions
  • National insurance contributions
  • Remittance basis
  • Basis period rules
  • More...
This content is no longer in use on TolleyGuidance
This content is no longer in use on TolleyGuidance
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