Set up as a sole trader: step by step

What you need to do to register as a sole trader, plan for your tax bill and get help and support.

  1. Step 1

    1. Find out more about becoming a sole trader

  2. Step 2

    1. Check the rules for naming your business

  3. Step 3

    When you start trading you must keep records. This will help you work out your profit or loss for your tax return.

    1. Find out what business records you need to keep

  4. Step 4

    1. Check how to register as a sole trader

  5. Step 5

    1. Check what taxes may apply to you as a sole trader

  6. Step 6

    You may need to pay Income Tax on your profits and may need to pay National Insurance contributions.

    1. Get an estimate of how much you will need to pay
    1. Find out more about Income Tax rates
    1. Find out more about National Insurance rates

  7. Step 7

    1. Join a webinar or watch a video to learn more about your responsibilities
    1. Find out how to choose a tax agent if you want to use one