The £1,000 Trading Allowance: Do I Need to Issue Formal Invoices?
•3 min read
trading allowanceside hustle taxhobby business UKmicro business
If you have a side hustle earning under £1,000, do you still need to generate invoices and keep records?
The HMRC £1,000 trading allowance means you might not need to declare income, but keeping a paper trail via simple invoices is highly recommended...
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