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by Dayshine
1805 days ago
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The way it works in the UK is there's £1000 of untaxed self-employed income. So you only need to bother with a "self-assessment" tax return if you earn over £1000 of casual income. And then, if you have less than £1000 of expenses related to that income, you don't have to justify the deductions so you just enter the income as a number and you're done. Charitable contributions are claimed by the charity at the basic taxpayer rate. So when you donate £1 they can claim 20p from the government. You only need to itemise your charitable contributions (to claim back the difference between the 40p of tax you paid and 20p the charity got) if you are a higher rate taxpayer, which is something like £70k per year gross, so you're well into <5% of people here. |
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