Self-Employment
Recording income and expenses from self-employment.
Setting up
Add your self-employment business in Settings with your UTR (Unique Taxpayer Reference).
What to record
- Income - All business earnings
- Expenses - Allowable business costs
Allowable expenses
Common allowable expenses include:
- Office costs
- Travel
- Professional services
- Marketing
- Insurance
Quarterly updates
Submit your income and expenses to HMRC every quarter.