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Tax

Discussion in 'Tes Authors' Group' started by jusch12, Dec 24, 2019.

  1. jusch12

    jusch12 New commenter

    I am registered to complete a tax return for my sales on TES. Can someone tell me where to find all my income for the tax year? Also, does any one know if there is a tax free allowance for online sales if I am also employed as a full time teachers (in the UK).
     
  2. shd132

    shd132 New commenter

  3. mbee1

    mbee1 Occasional commenter

    Once you have worked out your income, calculate if there are any expenses to set against the income. If the expenses are less than £1000 you can substitute those expenses with a Trading Allowance of £1000. If the expenses are more than £1000, you claim the expenses as they are more beneficial. You can swap from year to year in either claiming the actual expenses or the Trading Allowance, whichever is the greater.
     

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