
A Complete Guide to Sole Trader Tax
November 23, 2021How do I pay tax as a sole trader?
Registering for Self Assessment
What taxes do I need to pay as a sole trader?
Income Tax

Tax bands
Band | Personal Allowance | Tax Rate |
---|---|---|
Personal Allowance | Up to £12,570 | 0% |
Basic rate | £12,571 to £50,270 | 20% |
Higher rate | £50,271 to £150,000 | 40% |
Additional rate | Over £150,000 | 45% |