The ultimate guide to self-employed tax

The ultimate guide to self-employed tax

If you’re self-employed, you will need to calculate the income tax you owe and pay it to HMRC. Here’s everything you need to know.

1. Understanding tax obligations for the self employed

   We explore HMRC’s definition of ‘self-employment’ and the tax obligations self-employed people need to be aware of.

2. Self-employment tax thresholds

   Learn about income tax and thresholds for self-employment tax, along with how to pay self-employment tax.

3. Tax returns & calculating your self-employment tax

   We explore how to inform HMRC if you have self-employment income and how to calculate your income tax payments.

4. National Insurance for the self-employed

   Learn about National Insurance rates and contributions for self-employed people for the 2022/23 tax year.

5. Paying tax to HMRC as a self-employed person

   Learn all about how the self-employed tax year works, how to pay self-employed tax, and ‘payments on account’.

6. What happens if you don't pay self-employment tax?

   We explore what to do if you miss your self-employment tax deadline and the late penalty charges that will apply.

7. Self-employed tax and Making Tax Digital

   Learn about upcoming changes to the way self-employed people and landlords manage their income tax payments.