The long version of the Self-employment page for sole 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your name and Unique Taxpayer Reference (UTR) in the designated fields. This information is crucial for identifying your tax records.
3. In the 'Business details' section, provide a description of your business. If applicable, indicate the start date if your business commenced after 5 April 2023.
4. Fill in the postcode of your business address and note any changes to your business name or details within the last year by marking the appropriate box.
5. For income reporting, enter your turnover and any additional business income in boxes 9 and 10 respectively. If your annual turnover is below £85,000, you can simply input total expenses in box 20.
6. Complete the allowable business expenses section by detailing costs such as goods bought for resale, travel expenses, and other relevant costs. Ensure all figures are accurate.
7. Finally, calculate your net profit or loss based on the provided formulas and ensure all necessary adjustments are made for taxable profits as outlined in the notes.

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