As a self-employed person, you need to report any untaxed income to HMRC, regardless of the amount, for the tax year (6 April to 5 April). If you earn more than the Personal Allowance of £12,570, you’ll need to start paying Income Tax and National Insurance.
The amount you pay depends on your income level and whether you have other taxable sources, such as capital gains. You’ll need to file a Self Assessment tax return with HMRC.

As a freelancer, your tax return filing and payment deadlines are set for 31st January the year after the tax year you’re paying for.
However, your tax bill is typically split into two payments:

• 31st January: First half of your tax bill is due.
• 31st July: Second half of your tax bill is due.

Yes, side hustles are considered additional sources of income, and any untaxed income from them must be declared to HMRC. However, there is a tax-free Trading Allowance of £1,000 for side hustles.
If your side hustle income is under £1,000, you don’t need to report it. If you earn more than £1,000, you’ll need to file a Self Assessment tax return and pay tax on the additional earnings.

As a contractor, how you pay tax depends on your work structure:

• If you’re self-employed (a sole trader), you’ll need to file a Self Assessment tax return to report your income.
• If you work for a client through your own limited company and pay yourself a salary, tax is paid via PAYE.
• If you only pay yourself through dividends, you must file a tax return and pay dividend tax.
• If you work through an agency or umbrella company, you’re considered an employee and will pay tax through PAYE.

As a self-employed delivery driver, you can claim expenses on items you purchase and use exclusively for work. Common deductible expenses include:

• Parking costs
• Car lease payments
• Mileage
• Insurance & repairs
• Breakdown cover
• Work phone bills

If you’re working under the Construction Industry Scheme (CIS), the tax deduction rate is:

• 20% for registered subcontractors.
• 30% for unregistered subcontractors.

Self-employed individuals in the UK are required to pay Income Tax and National Insurance Contributions (NICs). The specific NICs include:

• Class 2 NICs (flat rate contribution if your profits are over a certain threshold).
• Class 4 NICs (calculated as a percentage of your profits, paid on earnings above £12,570).

Yes, as a self-employed individual, you can claim various business expenses that are wholly and exclusively for your work. Common expenses include:

• Office rent
• Office supplies and equipment (like laptops or phones)
• Protective gear (if applicable, such as for construction)
• Travel and fuel expenses
• Professional fees (like accounting or legal services)