United Kingdom Self-Employment Tax Guide 2024/25 & 2025/26
Everything you need to know about tax as a self-employed individual in United Kingdom. This comprehensive guide covers HMRC requirements, income tax rates, National Insurance, allowable expenses, key deadlines, and financial planning advice for the 2024/25 & 2025/26 tax year.
What This Guide Covers
- Tax rates and bands — current 2024/25 & 2025/26 income tax rates and thresholds
- National Insurance — how much you owe and how it is calculated
- Allowable expenses — what you can and cannot claim as a business expense
- Key deadlines — registration, filing, and payment dates
- Record keeping — what records HMRC requires you to keep
- Financial planning — how much to set aside each month for your tax bill