For those who are either already self-employed or considering making the move, HMRC has launched a new online tool to provide support and advice.
Aimed at small businesses, it helps individuals to better understand their responsibilities, such as what records to keep or the taxes that may apply, as well as other useful guides, like how to pay a tax bill.
The guidance and interactive tools are all free to use and are available on GOV.UK.
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Marc Gill, HMRC Director of Individuals and Small Business Compliance, said, “At HMRC, we know small businesses are vital to our economy, and we want to help you get things right from the start.
“It can feel overwhelming when you’re a new business owner. That’s why we’ve created user-friendly, anonymised tools that give you the knowledge to make confident business decisions.
“We are committed to continue building trust with the small business community. Whether you’re just starting out or growing your business, we’re here with clear, reliable guidance to help your business succeed.”
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