Learning Guide · 6 chapters

Starting a Business

Going self-employed, business registration, sole trader vs limited company, expenses, record-keeping, Self Assessment, and VAT basics.

  1. 6
    Going Self-Employed
    The Trading Allowance, registering with HMRC, and Class 2/4 NI.
  2. 7
    Record Keeping
    What HMRC requires, how long to keep records, and double-entry basics.
  3. 8
    Self Assessment
    Who needs to file, key deadlines, Payments on Account, and common mistakes.
  4. 9
    Expenses
    What you can claim, home office rules, mileage rates, and common pitfalls.
  5. 10
    VAT Basics
    The VAT threshold, registration, schemes, and when voluntary registration helps.
  6. 11
    Making Tax Digital
    MTD timeline, quarterly updates, compatible software requirements.