Category: Business Essentials

There are deadlines for sending your Self Assessment tax return to HM Revenue and Customs (HMRC) and paying any money you owe. 2013 to 2014 tax year This tax year ended 5 April 2014. Self Assessment Deadline Register for Self...

You need to register for Self Assessment with HM Revenue and Customs (HMRC) before you can send them your tax return. When you register for the first time you’ll get a Unique Taxpayer Reference (UTR) number. If you’re...

You’ll need to register your business in the UK. Sole traders The easiest way to start a business in the UK is to become a ‘sole trader’. This means that only you own the business and you can work alone or employ other people....

Sole traders must register with HM Revenue and Customs (HMRC) and follow certain rules on running and naming their business. If you’re a sole trader, you’re running your own business as an individual. This is known as being...

Overview If you start working for yourself, you’re classed as a sole trader – even if you’ve not yet told HM Revenue and Customs. You must register and follow rules for self-employed tax and National Insurance. Check what counts...