What is the £1,000 trading allowance – how does it work?
How the UK trading allowance works, who can use it, when to register with HMRC, and what changes with the new £3,000 threshold from 2027.
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.