This article applies to:

Enter trading income allowances in Personal Tax

Select Edit
, then Schedule Editor
.

Select Other Return
Information.

Select the Miscellaneous
tab.

Mark the Claim trading allowance
checkbox.

For a sole trade instance:

Select the Assessable Profits
tab

Enter the amount of Trading allowance in the Adjustments
box.

For a Business Tax Business:

Select the Trading Allowance
schedule below the Current Tax Year Details.

Enter the amount of Trading allowance.

note

You'll need to cap the allowance if the profit is below £1,000.