The sole trader status is easy to obtain and poorly understood afterwards: what it allows, what it forbids, and above all the threshold beyond which staying in it costs more than leaving.
The guide treats leaving the status with as much care as entering it — the part other documents omit.
Our freely accessible article is enough to answer one question: does this status concern me. The guide answers the one that comes next, and comes back every year: what to declare, on what date, and from what point this status stops being the right one. An article is read once; this document is kept: it carries a filing calendar, and every figure in it carries its verification date. That dated part is what you are paying for.
It is not built to be read from the first page to the last. It has three ways in. Someone not yet registered starts with the conditions of access and the qualifying activities: if theirs is not on the list, the reading stops there. Someone already registered goes to the filing calendar and holds to it. Someone approaching the thresholds opens the last part. The guide lets you decide whether to stay or to leave, and to prepare the exit rather than absorb it. It fills in no form and settles no individual situation.
What you receive
- A PDF guide: eligibility, qualifying activities, registration steps.
- The tax and social regime, with the annual filing calendar.
- The thresholds that push you into another status, and what leaving entails.
Included
- Updates at each finance act, for 12 months
Not included
- Carrying out the formalities for you
- Advice on an individual situation
- Keeping your books