Does a Sole Trader Pay Corporation Tax? Fully Explained
More than fifty per cent of self-employed individuals register as sole traders in the UK, and the number keeps increasing.
Fahad Lateef
19 March 2025
No Comments
More than fifty per cent of self-employed individuals register as sole traders in the UK, and the number keeps increasing.
Contents If you miss your corporation tax payment deadlines, HMRC will charge interest on the outstanding amount. This interest keeps on accumulating the longer the
![Corporation Tax on Losses: Reduce Your Tax Burden [2025]](https://legendfinancial.co.uk/wp-content/uploads/2025/02/LF-Blog-20-Corporation-Tax-on-Losses-ft-768x463.webp)
Contents Every business encounters losses at some point, but how you tackle them makes all the difference. HMRC offers UK companies relief on corporation tax
Contents Do you pay corporation tax on dividends? Limited companies often wonder if they pay corporation tax on their dividend payouts. How UK dividend taxation
Contents Are you struggling with your corporation tax payment? You’re not alone. Many UK businesses face challenges when it comes to managing their tax obligations,
Contents Corporation Tax is paid on any taxable profits that your organization has. You’ll have to make good on Corporation tax if you set up
Contents Corporation tax is the principal charge that a limited company or enterprise should pay. Corporation tax should be paid both on the company’s profits
Contents A direct tax collected as a source of income from business entities by the government is referred to corporate/corporation tax. Corporation tax is indicted
Our Experts
Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.
Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.
Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.
The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
On 18 December 2025, the Bank of England reduced its main interest rate from 4% to 3.75%. This is the lowest level in nearly three years. The
The Chancellor, Rachel Reeves, has delivered the first Autumn Budget of this Parliament. She called it “a decade of national renewal.” This Budget brings real, immediate
The Bank of England (BoE) issued a sharp warning on 8 October 2025, cautioning that certain AI and technology stocks may be overvalued, particularly those
The Bank of England and HM Treasury began formally considering a national digital currency in 2021, launching a joint taskforce to explore what’s now called
Chancellor Rachel Reeves has confirmed the Autumn Budget will take place on 26 November 2025. As with the Spring Statement earlier this year, this annual
LET’S DO BUSINESS
The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
[ninja_form id=’38’]