I live in the UK
I have a full time job where I pay tax and NI through the normal PAYEE system
I am starting to earn money through ads in my android apps
I understnad I need to declare the income from these as taxable, but if I buy things to aid in dev work, can I save tax on these?
So say I make £10,000, then spend £3000 on a new PC, laptop and phone. Do I then just declare £7000 as taxable and pay on that?
And what classes as costs? I assume my web domain costs, B4A licence, PC and phone bill costs would all count.
I have a full time job where I pay tax and NI through the normal PAYEE system
I am starting to earn money through ads in my android apps
I understnad I need to declare the income from these as taxable, but if I buy things to aid in dev work, can I save tax on these?
So say I make £10,000, then spend £3000 on a new PC, laptop and phone. Do I then just declare £7000 as taxable and pay on that?
And what classes as costs? I assume my web domain costs, B4A licence, PC and phone bill costs would all count.