Being a sole trader means you can start trading immediately, keep all your post-tax profits, and run your business with minimal admin: no Companies House
Theatre Tax Relief lets production companies claim 45% on touring and 40% on non-touring core expenditure, including a direct cash repayment from HMRC if the
Orchestra Tax Relief gives UK companies a 45% credit on qualifying core expenditure for live orchestral concerts — but you must submit the Additional Information
If your gross side hustle earnings exceed £1,000 in a tax year, you must register for Self Assessment with HMRC by 5 October following the
Income tax is charged in bands on income above your £12,570 personal allowance. Moving into a higher band only increases the rate on income above
HMRC usually gives you seven days’ notice before a VAT inspection. The most common trigger is a large or unexpected repayment claim, and inspectors can
