Disclaimer

SoleTrader Tools is designed to help UK sole traders understand common tax rules. It is not a substitute for professional advice or official HMRC calculations.

Last updated: 11 May 2026

No personal tax advice

The site provides general educational information only. We do not know your full circumstances, and we do not provide personalised tax, accounting, legal, financial, or investment advice.

Calculator estimates

Calculator outputs are estimates based on the inputs you provide and the assumptions stated on each page. They may not account for every relief, allowance, special scheme, local variation, historic loss, pension rule, student loan position, VAT treatment, or other factor that could affect your final liability.

Tax rules can change

We aim to update rates and thresholds when stable public information is available, but tax law and HMRC guidance can change. Always check official GOV.UK guidance and your Self Assessment records before filing, paying, or making business decisions.

No guarantee

We try to keep the site accurate, available, and clear, but we do not guarantee that every page is complete, current, error-free, or suitable for your situation.

Professional advice

If a tax decision is material, unusual, urgent, or affects a filing deadline, speak to HMRC or a qualified accountant. This is especially important for VAT registration, penalties, investigations, cross-border income, losses, pensions, and limited-company comparisons.

External links

Links to GOV.UK and other external sites are provided for context. We are not responsible for third-party content, changes, outages, or policies.

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