HMRC £1000 Trading Allowance

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Hi, yes I know there is lots amount this but still unclear which figures to use.

Is the correct amount to calculate HMRC £1000 Trading Allowance threshold

the actual amount “Paid Out” to bank? regardless of whether this includes postage etc?

Thanks

brnor_6399

Posted 11 months ago·Last reply 11 months ago

1 comment

papso22

Mentor11 months ago

The £1,000 is your trading income, i.e what you sold your item for and any postage charged to the buyer by you.