Articles on sole trader tax, Self Assessment, expenses, NI and tax planning for self-employed people in the UK.
As a UK sole trader in 2026/27, you pay income tax and two classes of National Insurance on your profits. This guide explains how each is calculated, when it is due, and what you can do to reduce the bill.
Read article →Missing a Self Assessment deadline means automatic penalties, even if you owe nothing. This guide covers every deadline in the 2026/27 tax year, what the penalties are and how to appeal them.
Read article →Whether you are better off as a sole trader or limited company depends on your profits, other income, and how much you want to extract. This guide compares the tax position at three profit levels in 2026/27.
Read article →Allowable expenses reduce your taxable profit as a sole trader. This guide covers the most common categories — including home office, mileage, equipment and phone — with the rules for each.
Read article →Payments on account are advance payments toward the following year's tax bill. They catch many new sole traders off guard. This guide explains how they are calculated, when they are due and when you can reduce them.
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