You are a sole trader or self employed if you are in business for yourself and are not in partnership with anyone else and have not set up a limited company. If you have set up a limited company you would be employed by that limited company and be a …
If you find it difficult to pay your tax bill due in January and July each year you can choose to make regular payments throughout the year instead.
If you are making an income on your own by selling a product or a service and you have not registered as a limited company you are a sole trader. A sole trader runs their own business and therefore is self employed and, as a self employed person,
From April 2023 individuals who submit a tax return to declare income outside of employed earnings will have to submit their accounts digitally to HMRC on a quarterly basis.
If you are a sole trader or consider yourself to be self-employed you will need to declare your income and expenses to HMRC at the end of each tax year through a self-assessment tax return. Even if you earn income in addition to being e…
