Tag: Trading allowance
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How the UK £1,000 trading allowance works (2026/27)
The trading allowance lets individuals earn up to £1,000 of trading or casual income per tax year without paying income tax or national insurance, and without needing to register for self assessment.
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Tax-free allowances and frozen tax thresholds
Using tax free allowances can help you structure your finances to reduce your tax liability, which is especially important given the frozen tax thresholds are increasing our effective tax rates.
