SoleTax

Trading allowance

Plain English, for UK sole traders. Checked against gov.uk on 4 July 2026.

The first £1,000 of self-employment income in a tax year is tax-free under the trading allowance. Below that level you don't normally need to register for Self Assessment at all; cross it and registration is due by 5 October after the tax year ends.

Compliance first.Every figure checked verbatim against gov.uk, with the date on the page
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