Simple Tax Guide
UK tax and business finance, explained simply.

Business Expenses and Self-Employment Guides

Self-employed individuals and limited companies can deduct allowable business expenses from their taxable profits, reducing their tax bill.

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Self-Employed Tax UK: How It Works

Self-employed individuals pay Income Tax and Class 2 and Class 4 National Insurance on their profits. You calculate profits by deducting allowable business expenses from your revenue. This guide covers registration, tax rates, allowable expenses, and filing deadlines.

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Simplified Expenses for Sole Traders

HMRC's simplified expenses scheme allows sole traders to claim flat rates for vehicle costs, working from home, and living on business premises.