Question about the £1000 trading allowance

[HolidayAtNight]

Does anyone know whether you get the £1000 trading allowance if you already earn over the income tax personal allowance threshold in a PAYE job? So for example you earn £30,000 a year in a PAYE job, and you have a business on the side which makes £900 a year in gross income. Do you pay income tax, NI and student loan contributions on the £900?

I have read about the trading allowance on gov.uk and I can't find anything explicitly about having a PAYE job in addition, just the tool which tells you if you need to submit a self-assessment return where it asks for total income - but doesn't allow you to specify PAYE, only other things like income from land. Sorry if this is a stupid question!

The £1k allowance is re self employment so it's separate to paye. If you needed to do SA (e.g. if you earned £2k) then you put it on the self employment page then opt to apply the allowance. You might not want the allowance of you have deductible expenses over £1k - it's one or the other.

But if you're sub £1k for the year you don't need to report at all. And no extra NI if you're sub something like £6k from self employment. Not sure about the student loan position.

No tax payable on first 1000 of self employed income and no need to report under 1000. Not sure about student loan.

Thank you both, that's really helpful!

it is any self employed income you can earn upto £1000 so it could be 20 nights of babysitting at £50, or selling on costume jewellery you pick up at car boot sales or dog walking , cake decorating, occasional lawn cutting etc but under £1000 roughly £20 a week. It doesn't need to be declared whatever your salary however if you make more you have to fill in a tax return ( depends on costs and profits and expenses you may or may not need to pay tax)
If you already earn from PAYE more than tax and NI threshold you will need to pay tax on it

selling your own personal possessions after you have finished with them or don't want them any more or unwanted / duplicate gifts is not trading

Yes you can get it on top of PAYE basically. It’s in addition to personal allowance
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For example I am in a PAYE job earning an average full time wage.
i make about £500pa as a semi professional musician and don’t complete a tax return or declare this anywhere as it’s under £1000.

It's basically not worth HMRC's time to process returns of under £1000. No need to file a return despite having a PAYE salary.