The following Personal Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
When an individual starts to work for themselves on their own they are self-employed and classified as a sole trader. The likely characteristics are:
the person sells goods or services to make a profit
the person takes responsibility for the success or failure of the business
they will have several customers or clients they are working for at the same time
they can hire other people to work in the business and pay them out of the profits of the business
items of equipment used in the business are provided by the individual
the responsibility for correcting any defective work lies with the indivi
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