Self-Employed

How to Become Self-Employed UK: The Step-by-Step Route

You become self-employed in the UK by trading for profit on your own account. If you earn more than GBP 1,000 from it in a tax year you must tell HMRC by registering for Self Assessment, then pay Income Tax and National Insurance on your profits. Below GBP 1,000 the trading allowance usually covers you.

1

Check you count as self-employed - You run a business for yourself: you take the risk, set your...

2

Check the GBP 1,000 line - Earn GBP 1,000 or less gross from self-employment in the tax year and...

3

Choose your structure - Sole trader is the default and simplest; a limited company is a separate...

4

Tell HMRC - Register for Self Assessment as self-employed to get a Unique Taxpayer Reference (UTR);...

5

Plus 6 more in the full guide

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