Self-employment

Self-employment can be a straightforward way to start up in business. Read practical information about self-employment status, taxes and tax planning.

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Self-employment - overview

Being self-employed as a sole trader can be a straightforward way to be in business - but you need to comply with your tax obligations. Our guide.

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Business tax planning

Effective tax planning is essential if you are to minimise your tax bills. Simple tax planning can significantly reduce your tax liabilities.

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Employment status

Many businesses start out as part-time jobs or hobbies that develop into a business. It's possible to be employed and self-employed simultaneously.

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Personal tax planning and income tax

Income tax planning can make a significant difference to the tax you pay. You should take advantage of any opportunities to minimise your tax bill.

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Tax and National Insurance

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

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Q&A: Tax for the self-employed

When you become self-employed you become responsible for your own tax and NI. You'll need to know what and how much tax to pay and when.

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What are the best ways to save tax?

Effective tax planning is the best way to reduce tax liabilities. That means planning in advance from business start up through to eventual exit.

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Register as a sole trader

Sole traders must register with HM Revenue and Customs when they start trading. Use this Tool to register your new business with HMRC.