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PTP TR - Where to make an entry for Trading Allowance for Self-employment

Article ID

kba-03703

Article Name

PTP TR - Where to make an entry for Trading Allowance for Self-employment

Created Date

2nd December 2019

Product

Problem

Where to make an entry for Trading Allowance for Self-employment

Resolution

To make an entry for Trading Allowance for Self-employment please do the following:
– View the Tax return
– View the Self-employment screen
– Click on the ‘Adjustment, Losses, Overlap and Tax’ tab
– Tick the box to ‘Claim trading income allowance’
– Enter the amount for Trading Allowance in the box, which is to the right of the ‘Claim trading income allowance’ tick box

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