Simplified expenses – how to claim flat-rate business costs as a sole trader
Practical guide to HMRC simplified expenses for sole traders, with flat rates, examples, and links to related tax guides.
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Can you run multiple sole trader businesses at the same time?
Can you run multiple businesses as a sole trader? HMRC rules explained: one UTR, separate trades, tax returns, record-keeping, and MTD requirements.
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.
Do you have to register with Companies House if you’re a sole trader?
Companies House is the UK’s registrar of companies and the government agency responsible for incorporating and dissolving limited companies. If you’re setting up as a sole trader (i.e. self employed), do you have to register your business too?
How to register for Making Tax Digital for Income Tax (MTD ITSA)
Learn how to sign up for Making Tax Digital for Income Tax as a sole trader. Step-by-step guide, software tips, and what you need to register.
Can you have multiple business bank accounts as a sole trader?
Can you use more than one business account as a sole trader? Learn when it makes sense, how to stay organised, and tips for managing multiple accounts.
VAT registration – when should you register for VAT? Try HMRC’s estimator tool
If the ‘taxable supplies’ of your business over the past 12 months have exceeded the current VAT registration threshold, you must register for VAT. The current registration threshold (as of April 2026) is £90,000. This means that at the end of any given month, if the total value of your taxable supplies over the previous … Read more
What business expenses can your limited company claim for?
Which expenses you can claim via your limited company, and what to consider when deciding whether it’s you or your business that should pay for something.
Can you open a business bank account before you start trading?
Find out if you can open a business bank account before you start trading, and what banks need to see before activating your account.
Can you use a personal bank account for your business – and should you?
Sole traders can use a personal bank account, but should they? Here’s what HMRC says, the risks involved, and when to switch to a business account.