Back to glossaryGlossary term
Trading Allowance
A £1,000 tax-free allowance for self-employed or casual income. Earn less than this in a tax year and you generally do not need to register or file a return for it.
Figures are UK rates and change each April. Source: GOV.UK — Tax-free allowances on property and trading income
Relevant to:Business
Still not sure what this means for you?
Ask Helena, our AI companion, for guidance tailored to your situation.