Owner-Managed Businesses Guidance

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Sole traders

Our tax professionals have created content specifically on the topic of sole traders tax in order that you can provide the latest thinking.
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Latest Guidance
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27 Jun 2019

Usual deadlinesThere are two dates by which a self assessment tax return should be filed:•31 October following the end of the tax year (paper submission)•31 January...

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27 Jun 2019

There is an ‘annual maxima’ of contributions applying to any individual for a ‘contribution year’. The contribution year is the same as the tax year. These ‘annual...

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27 Jun 2019

The rules on closing years apply to unincorporated businesses. These rules apply equally to businesses using the simplified cash basis. See the Simplified cash basis for...

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27 Jun 2019

Relief for trading losses may be subject to a number of anti-avoidance measures. One of these is the cap on unlimited tax reliefs, which applies to losses incurred...

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27 Jun 2019

For certain taxpayers carrying on specified trades which are notoriously subject to widely fluctuating profit levels, a relief is available which aims to average taxable...

Latest Guidance
OMB_tax_img6
Owner Managed Business

Usual deadlinesThere are two dates by which a self assessment tax return should be filed:•31 October following the end of the tax year (paper submission)•31 January...

OMB_tax_img9
Owner Managed Business

There is an ‘annual maxima’ of contributions applying to any individual for a ‘contribution year’. The contribution year is the same as the tax year. These ‘annual...

OMB_tax_img4
Owner Managed Business

The rules on closing years apply to unincorporated businesses. These rules apply equally to businesses using the simplified cash basis. See the Simplified cash basis for...

OMB_tax_img6
Owner Managed Business

Relief for trading losses may be subject to a number of anti-avoidance measures. One of these is the cap on unlimited tax reliefs, which applies to losses incurred...

OMB_tax_img7
Owner Managed Business

For certain taxpayers carrying on specified trades which are notoriously subject to widely fluctuating profit levels, a relief is available which aims to average taxable...