What’s the difference between freelancer, self-employed and sole trader?June 22, 2022
What’s the difference between freelance, self-employed and sole trader?
What does it mean to be self-employed?
|Self-employed worker responsibilities|
|File a Self Assessment tax return by 31st January every year|
|Pay Self Assessment tax bill by 31st January every year|
|Pay National Insurance contributions and Income Tax on profits|
|Register for VAT if your VAT taxable turnover exceeds £85,000 (UK VAT threshold)|
|Store records, such as receipts, to deduct allowable expenses|
|Take out business insurance relevant to your business operations|
What is a sole trader?
Sole trader responsibilities
What is a freelancer?
Self-employed vs. sole trader vs. freelancer
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