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.

Self-employment
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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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Self-employed National Insurance

If you are a sole trader or in a partnership, you are liable for flat rate Class 2 and profit-related Class 4 National Insurance (NI) contributions.

Using a calculator - Tax and National Insurance
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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.

Tax saving on a calculator - What are the best ways to save tax?
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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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Five ways to keep your tax bills low

Frustrated that a big slice of your profits goes to the taxman? Ben Dyer explains how to (legally and ethically) minimise how much tax you pay.

Register as a sole trader - gardener with his tools
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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.

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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.