Self Assessment for Sole Traders

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About Course

A practical guide to Self Assessment for self-employed sole traders in the UK: registering with HMRC, working out taxable profit, Income Tax and Class 4 National Insurance for 2026/27, filing and payment deadlines, payments on account and penalties. Includes the move to Making Tax Digital for Income Tax.

Tutwoo is an independent learning provider. This course gives general information about Self Assessment for sole traders, checked against GOV.UK in October 2026. It is not tax advice; take professional advice for your own situation.

What Will You Learn?

  • Register for Self Assessment on time and avoid a failure-to-notify penalty Work out your taxable profit and estimate your tax and National Insurance Meet the 31 October, 31 January and 31 July deadlines Understand payments on account and how to budget for your tax bill

Course Content

Course Lessons

  • Registering and keeping records
  • Working out your tax
  • Deadlines, payments on account and penalties

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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