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Non taxable income

21/12/2018 08:35:02
I am unsure whether to include payment for expenses in this category: "Income, receipts and other profits included in business income or expenses but not taxable as business profits". I have included the payment I received for the expenses as part of my income and the expenses as outgoings, but I don't believe that the income should be taxable - is that correct? Thanks for your help.
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Re:Non taxable income

24/12/2018 14:03:11
Hi,

Thanks for your question.

You will include all your income before any outgoings in the turnover box and then enter your total expenses as a lump sum total or as a breakdown. You will be in either a profit or a loss situation.

I hope this helps.
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Non taxable income

03/01/2019 12:52:15
Hi there. So if I understand correctly, because I am entering my expenses, these get deducted from my total income, so effectively I am not paying tax on them anyway. Is that correct? Therefore I do not need to enter them additionally as non-taxable income?
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Re:Non taxable income

03/01/2019 16:51:45
Hi,

Yes that is correct.

I hope this helps.

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