Completing your Self Assessment can be daunting. Read this guide on submitting a tax return for sole traders or self-employed and learn all you need to know.
Earn untaxed income over £2,500 (Check directly with HMRC if this income is between £1,000 and £2,500) Need to pay Capital Gains Tax Have a high income and are claiming Child Benefit Are a trustee of a trust or registered pension scheme Have State Pension as the only income ov...
The third section asks about income from bank or building society interest, pensions, share dividends, and benefits. It’s important to mention these even if you’re completing Self Assessment because you’re a sole trader. HMRC needs to know about all your income, no matter where it comes ...