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Daily Archives: 13th December 2021

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What is the Trading Allowance?

Legislation, self-assessment tax return, Tax ReturnBy Clare Denison13th December 2021

In April 20217, HMRC introduced the trading allowance (sometimes referred to as the hobby allowance) for people earning small sums of money through self-employment, casual or miscellaneous income. Continue reading to discover if you could benefit from the trading allowance.

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