Opening new Self-employed/ Sold Trader/ Partnership
You need to set up as a sole trader if any of the following apply:
- you earned more than £1,000 from self-employment between 6 April 2018 and 5 April 2019
- you need to prove you’re self-employed, for example to claim Tax-Free Childcare
- you want to make voluntary Class 2 National Insurance payments
To set up as a sole trader/self assessment/partnership and file a tax return every year.