Tax Guides · 9 min read ·
A complete guide to accounting and tax for UK freelancers. Learn what expenses you can claim, how to file your tax return, and when you need an accountant.
Written by Krishna, Founder & HMRC-registered tax agent at TaxRoot.
Freelancers pay income tax on their net profits (income minus allowable expenses) at the standard rates: 0 percent on the first £12,570 (personal allowance), 20 percent on income between £12,571 and £50,270, and 40 percent on income above £50,270. You also pay Class 2 NIC at £3.45 per week and…
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