You can claim certain business expenses as part of your tax return. Only some expenses are allowable. You can read our complete guide to allowable
Sole Trader
Self-Employed: How Much Do I Need to Earn to Pay Tax?
As soon as you register as self-employed, HMRC will send you a Unique Taxpayer Reference (UTR) number by post. On top of this, they’ll set
How to Pay Self-Employed National Insurance, and What Happens if You Don’t?
Self-employed people must pay National Insurance contributions. But the good news is that the rate you’ll pay is lower than the rate employees pay. This
Trading Income Allowance: What is it for 2021?
Since 2017, you’ve been allowed to earn a certain amount each year from “property, trading or miscellaneous income”, tax-free. This is the trading income allowance,
Working for an Agency: Self-Employed or Employee?
There are different laws and regulations for employed and self-employed people, and this extends to agency work. So if you’re doing work for an agency,