Topics

Enter trading income allowances in Personal Tax

  1. Select
    Edit
    , then
    Schedule Editor
    .
  2. Select
    Other Return
     Information.
  3. Select the
    Miscellaneous
     tab.
  4. Mark the
    Claim trading allowance
     checkbox.
  5. For a sole trade instance:
    1. Select the
      Assessable Profits
       tab
    2. Enter the amount of Trading allowance in the
      Adjustments
       box.
  6. For a Business Tax Business:
    1. Select the
      Trading Allowance
       schedule below the Current Tax Year Details.
    2. Enter the amount of Trading allowance.
    note
    You'll need to cap the allowance if the profit is below £1,000.

This article applies to:

  • Product: Digita Personal Business and Trust Tax