HMRC

The UK government department responsible for collecting taxes, paying certain state benefits, and enforcing tax laws, the body all UK businesses must report to.

As a UK business owner, HMRC is your ultimate authority on tax. Understanding your obligations prevents penalties, fines, and the stress of unexpected tax bills.

A sole trader registers as self-employed with HMRC within 3 months of starting to trade, submits a Self Assessment tax return by 31 January each year, and pays her tax bill.