Tax Return Sole Trader: A Guide to Filing Your Self-Assessment

MSCO Acountants

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A lone trader is a self-employed person who operates a business as an individual rather than through a distinct legal company. Being a sole trader in the context of tax returns implies that you are responsible for declaring your business revenue and costs on your personal tax return. A Tax Return Sole Trader is a self-employed person who is not incorporated and does not employ anyone. Sole proprietors are responsible for their own taxes and must file an annual tax return.

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Tax Return Sole Trader: A Guide to Filing Your Self-Assessment