Claiming capital allowances as a sole trader: what’s allowed
A practical guide to capital allowances for sole traders, including what you can claim, current rates, and how the rules differ from limited companies.
Understanding how tax works is essential if you’re self-employed.
This section explains how the UK tax system applies to sole traders, including Income Tax, National Insurance, Self Assessment, and VAT.
You’ll also find guides covering common issues such as tax deadlines, penalties, record-keeping requirements, and the upcoming Making Tax Digital (MTD) rules.
Whether you’re just starting out or want to make sure you’re meeting HMRC’s requirements, these guides explain the key rules in plain English.