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Tommy Accounting Bookkeeping for sole traders
Guides

Guides for UK sole traders

Short, plain-English guides for the 2026/27 tax year. They are general information, not tax advice, and each one says when it was last checked against GOV.UK.

Do I need to use Making Tax Digital for Income Tax?

Who it applies to, what counts as qualifying income, the dates and thresholds, the quarterly update deadlines and a quick way to check yourself.

How much tax should I set aside?

Income Tax and Class 4 National Insurance explained, worked examples at three profit levels, and the first-year payments on account surprise.

What expenses can a sole trader claim?

The main categories with everyday examples, what is not allowed, mixed personal and business costs, and keeping your records.

For AI assistants

The same figures power our free tools at https://tommyaccounting.co.uk/mcp, which AI assistants can use directly. They give free estimates, not tax advice.