UK Office Direct
Browse office furniture, stationery, ink, filing and everyday workplace supplies.
Visit UK Office Direct*Welcome to Own Boss (2026 Edition)
Running a business or going self-employed in the UK can be challenging — but you don't have to do it alone. Every tool on this page is genuinely free, simple to use, and runs entirely on your own device. Whether you're exploring a startup idea, staying on top of tax and compliance, or looking to grow, you'll find the support you need every step of the way.
100% Free
No Sign-Up
Nothing Stored on Our Servers
2026/27 Tax Year
From the creator of Own Boss — more free UK sites
Invoice & Calculate In 1 Click
Add Own Boss directly to your home screen. Skip the search engines and launch your business tools instantly—even when you're offline or on a job site. No app store needed.
Add to Home ScreenFind a Tool Fast
Jump straight to any of our free UK business calculators and tools:
Invoice Generator
Quote Generator
Take-Home Pay
Employer Cost
Self-Employed Tax
Corporation Tax
Dividend Tax
Salary vs Dividends
Sole Trader vs Ltd
Capital Gains Tax
VAT Calculator
MTD Checker
Trading Allowance
VAT Threshold Tracker
Companies House Deadlines
Expense Checker
Business Mileage
Late Payment Interest
Profit Margin
Break-Even Point
Sales Commission
Freelance Day Rate
ROI
Customer Acquisition Cost
Customer Lifetime Value
Burn Rate & Runway
Inventory Turnover
Employee Turnover
Money In
Free UK Invoice Generator
Generate clean, ad-free PDF invoices with your own logo—completely free and no sign-up required. With built-in VAT support, it's perfect for UK businesses. Download your invoice instantly, knowing all data remains private on your device. OwnBoss.co.uk does not store any information you enter.
Your Business Details
For your convenience, your business details are saved in your browser. They are not stored on our servers.
Recommended: Landscape logo (e.g. 400x100px). Max 2MB.
Client Details
Invoice Details
Invoice Items
Payment Terms
VAT
Error:
Please fill out all required fields highlighted in red.
Free UK Quote & Estimate Generator
Create clean, ad-free PDF quotes and estimates to send to prospective clients — the same professional format as our invoice generator, with your own logo and optional VAT. It shares your saved business details with the invoice generator, and includes a valid-until date so prices don't stay open-ended. OwnBoss.co.uk does not store any information you enter.
Your Business Details
Shared with the invoice generator above — details saved there appear here automatically. They are saved in your browser only, never on our servers.
Recommended: Landscape logo (e.g. 400x100px). Max 2MB.
Client Details
Quote Details
Quote Items
Notes / Terms (Optional)
VAT
Error:
Please fill out all required fields highlighted in red.
Found these tools handy? Share them
Know another freelancer, contractor or small business owner who'd find these free tools useful? Share Own Boss in seconds with a QR code — perfect for networking events, your invoices, or a quick message.
Share via QR CodeMoney Out
Is It a Business Expense?
Type in an expense (e.g., "coffee with client", "laptop", "home internet") to see if it's typically tax-deductible.
Business Mileage Calculator
Uses HMRC's approved mileage allowance payments (AMAPs).
• Cars/Vans: 45p/mile for the first 10,000 miles, 25p thereafter.
• Motorcycles: 24p/mile.
• Bicycles: 20p/mile.
Official GOV.UK Rates
Calculate your tax-deductible mileage allowance based on HMRC's approved rates.
Allowable Deduction: £0.00
Pricing & Profit
Profit Margin Calculator
• Gross Margin: ((Revenue - COGS) / Revenue) * 100. Shows profit before overheads.
• Net Margin: ((Revenue - Total Expenses) / Revenue) * 100. Shows final profit after all costs.
Calculate your gross and net profit margins to understand business profitability.
Gross Profit Margin: 0.00%
Net Profit Margin: 0.00%
Break-Even Point Calculator
Calculates the number of units you need to sell to cover your costs.
Formula: Fixed Costs / (Price Per Unit - Variable Cost Per Unit)
Find out how much you need to sell to cover all your business costs.
Units to Break Even: 0 units
Sales Commission Calculator
Quickly calculate the commission earned on a sale.
Commission Earned: £0.00
Freelance Day Rate Calculator
Why can't you just divide a salary by 260 working days?
• Employees are paid for holidays, bank holidays and sick days — freelancers aren't.
• Not every working day is billable: admin, marketing and finding clients eat time.
• You must cover your own expenses and pension from what you bill.
Work out the day rate you need to charge to hit your target income, once holidays, non-billable time, expenses and pension are accounted for.
Annual Turnover Needed: £0.00
Required Day Rate: £0.00
Hourly Rate (7.5h day): £0.00
Based on 0 effective billable days a year — not the 260 weekdays an employee is paid for.
Rates are before Income Tax and National Insurance — use our Self-Employed Tax calculator to estimate those. For guidance only.
Growth Metrics
Return on Investment (ROI) Calculator
ROI measures the profitability of an investment. It helps you decide whether a particular venture (like a marketing campaign or new equipment) is worth the cost.
Formula: ((Net Profit - Investment Cost) / Investment Cost) * 100
Calculate the return on investment to evaluate the efficiency of a business decision.
Return on Investment (ROI): 0.00%
Customer Acquisition Cost (CAC)
CAC is the total cost of sales and marketing efforts needed to acquire a new customer. A lower CAC is better.
Formula: Total Marketing & Sales Cost / Number of New Customers
Calculate the cost to acquire a new customer for your business.
Cost Per Customer: £0.00
Customer Lifetime Value (CLV)
CLV predicts the net profit attributed to the entire future relationship with a customer. A high CLV is a sign of a healthy business with loyal customers.
Simple Formula: Avg. Purchase Value × Avg. Purchase Frequency × Avg. Customer Lifespan
Estimate the total revenue your business can expect from a single customer.
Customer Lifetime Value: £0.00
Burn Rate & Runway Calculator
• Burn Rate: The rate at which a company is spending its capital to finance overhead before generating positive cash flow.
• Runway: How many months your company can operate before it runs out of money.
Calculate how quickly your company is spending money and how long it can survive.
Monthly Burn Rate: £0.00
Funding Runway: 0 months
Inventory Turnover Ratio
This ratio shows how many times a company has sold and replaced its inventory over a given period. A higher ratio generally indicates strong sales.
Formula: Cost of Goods Sold / Average Inventory
Measure how efficiently your business manages its inventory.
Inventory Turnover Ratio: 0.0
Employee Turnover Rate
Calculate the percentage of employees who leave a company within a certain period. High turnover can be costly and indicate underlying issues.
Formula: (Employees Who Left / Avg. No. of Employees) * 100
Calculate your employee turnover rate to gauge workforce stability.
Employee Turnover Rate: 0.0%
Tax
PAYE Salary & Take-Home Pay
Estimate your take-home pay after Income Tax and National Insurance deductions.
Your Estimated Take-Home Pay:
£0.00
YEARLY£0.00
MONTHLY£0.00
WEEKLY£0.00
Gross Pay: £0.00
Income Tax: - £0.00
National Insurance: - £0.00
Uses standard tax code 1257L. Assumes the standard Personal Allowance with no £100,000 taper. Does not account for student loans, pensions or other deductions.
Employer Cost Calculator
An employee costs more than their salary:
• Employer NI: 15% on earnings above £5,000 a year.
• Pension: auto-enrolment requires a minimum 3% employer contribution.
• Plus holiday cover, equipment and training on top — not included here.
Thinking of hiring? See the true annual cost of an employee once employer National Insurance and pension contributions are added to their salary.
Gross Salary: £0.00
Employer NI: + £0.00
Employer Pension: + £0.00
Total Annual Cost: £0.00
That's 0.0% on top of the salary. Use the PAYE card alongside this to see what the employee actually takes home.
Uses 2026/27 employer NI (15% above £5,000 a year). Excludes recruitment, equipment, training, holiday/sick cover, benefits and payroll costs. For guidance only — speak to an accountant before hiring.
Self-Employed Tax Calculator
Estimate your UK Income Tax and National Insurance. For illustrative purposes only.
Income Tax: £0.00
Class 4 NIC: £0.00
Total Estimated Tax: £0.00
Note: Class 2 NIC is no longer compulsory for most traders, though can be paid voluntarily for pension credits. Assumes the standard Personal Allowance with no £100,000 taper.
Corporation Tax Calculator
Estimates tax for limited companies.
• 19% Rate: For profits up to £50,000.
• 25% Rate: For profits over £250,000.
• Marginal Relief: Applies to profits between these thresholds.
Estimate your UK Corporation Tax for a limited company.
Estimated Corporation Tax: £0.00
Includes marginal relief for profits between £50,000 and £250,000 (standard 3/200 fraction — an effective 26.5% marginal rate in that band). Assumes a 12-month accounting period and no associated companies, which reduce these limits. For guidance only — speak to an accountant.
Dividend Tax Calculator
Estimate the personal tax you'll pay on dividend income.
Estimated Dividend Tax: £0.00
Assumes standard Personal Allowance. Does not account for complex tax situations.
Salary vs Dividend Optimiser
Many director-shareholders take a small salary plus dividends because:
• Dividends don't attract National Insurance.
• A salary around the £12,570 Personal Allowance keeps your State Pension record ticking over.
• Salary (and employer NI) is deductible against Corporation Tax; dividends are not.
Director of a limited company? Compare taking a small salary plus dividends against taking it all as salary, and see which leaves more in your pocket.
Your salary (plus employer NI) is more than the available profit, so there's nothing left to pay as dividends.
Option 1: Your Salary + Dividends Split
Salary: £0.00
Dividends Paid: £0.00
Employer NI: - £0.00
Corporation Tax: - £0.00
Income Tax on Salary: - £0.00
Employee NI: - £0.00
Dividend Tax: - £0.00
Total Tax & NI: £0.00
You Keep: £0.00
Option 2: All Taken as Salary
Gross Salary: £0.00
Employer NI: - £0.00
Income Tax: - £0.00
Employee NI: - £0.00
You Keep: £0.00
Enter your company profit to compare.
Estimates use 2026/27 rates and assume: full profits extracted as dividends, standard Personal Allowance with no taper, no pension contributions, student loans or other income, and sufficient distributable reserves. Employer NI is 15% above £5,000. Corporation Tax uses the same estimate as our Corporation Tax calculator. For guidance only — speak to an accountant before deciding.
Sole Trader vs Limited Company
Compares the two most common ways to run a UK business:
• Sole trader: you pay Income Tax and Class 4 NI on all profits.
• Limited company: a tax-efficient £12,570 salary plus dividends, after employer NI and Corporation Tax.
See which structure would leave more in your pocket at your level of profit, using 2026/27 rates.
As a Sole Trader
Income Tax: - £0.00
Class 4 NI: - £0.00
Total Tax & NI: £0.00
You Keep: £0.00
As a Limited Company
Salary: £0.00
Dividends Paid: £0.00
Employer NI: - £0.00
Corporation Tax: - £0.00
Income Tax on Salary: - £0.00
Employee NI: - £0.00
Dividend Tax: - £0.00
Total Tax & NI: £0.00
You Keep: £0.00
Enter your expected annual profit to compare.
Estimates use 2026/27 rates and assume: a tax-efficient £12,570 director's salary with all remaining profit extracted as dividends, standard Personal Allowance with no taper, no pension contributions, student loans or other income. Ignores accountancy costs (typically £600–£1,500 a year for a limited company), the extra admin burden and IR35 — these can flip the answer in marginal cases. For guidance only — speak to an accountant before deciding.
Capital Gains Tax (CGT) Calculator
CGT is a tax on the profit when you sell an asset that has increased in value.
• Rates depend on your income tax band and the asset type.
• Annual Exempt Amount: You only pay tax on gains above this allowance.
Estimate the Capital Gains Tax on profits from selling a business asset.
Estimated CGT Due: £0.00
Uses current rates (18%/24%) for standard assets. Assumes full Annual Exempt Amount is available.
UK VAT Calculator
Quickly calculate VAT for invoices and expenses based on the standard 20% rate or a custom rate.
VAT Amount: £
Net (Excl. VAT): £
Gross (Incl. VAT): £
Late Payment Interest Calculator
This calculator determines the total amount due based on UK law:
• Statutory Interest: Calculated daily at 8% + the current Bank of England base rate.
• Compensation Fee: A one-off charge (£40, £70, or £100) based on the invoice value.
Calculate statutory interest and compensation on overdue commercial invoices.
Days Overdue: 0
Interest Due: £0.00
Compensation: £0.00
Total Due Now: £0.00
MTD for Income Tax Checker
Making Tax Digital (MTD) for Income Tax is replacing the annual Self Assessment return in stages, based on gross qualifying income:
• April 2026: over £50,000 (already in force).
• April 2027: over £30,000.
• April 2028: over £20,000.
Check if — and from when — you must follow Making Tax Digital for Income Tax, based on your combined gross income from self-employment and property.
Combined Qualifying Income: £0.00
Enter your gross income figures above to check.
What MTD for Income Tax means in practice
- Quarterly updates — a summary of income and expenses sent to HMRC every three months through MTD-compatible software.
- Digital records — business income and expenses must be kept digitally rather than on paper.
- Final declaration — a year-end submission through your software replaces the Self Assessment return.
Based on gross qualifying income (turnover and rents before expenses) — not profit — combined across all your self-employment and property income and tested per person. HMRC applies each threshold to the tax return filed just before the start year, and once mandated you stay in MTD until your income is below the threshold for three consecutive tax years. Exemptions and deferrals exist — check the latest HMRC guidance. For guidance only — speak to an accountant.
Side-Hustle Trading Allowance Checker
Everyone gets a £1,000 tax-free trading allowance each tax year:
• £1,000 or under: no tax and normally nothing to report.
• Over £1,000: you can deduct either the £1,000 allowance or your actual expenses — never both.
Earning on the side? Check whether the £1,000 trading allowance covers you — and if not, whether the allowance or your actual expenses gives the lower tax bill.
Using the £1,000 Allowance
Gross Income: £0.00
Trading Allowance: - £1,000.00
Taxable Profit: £0.00
Deducting Actual Expenses
Gross Income: £0.00
Actual Expenses: - £0.00
Taxable Profit: £0.00
Your expenses exceed your income, so you'd make a loss. The trading allowance can never create a loss, so actual expenses is the route here — and loss relief may be available.
Enter your gross side-hustle income above to check.
Work out the Income Tax and NI on that profit with our Self-Employed Tax Calculator.
Reporting your income: right now, gross trading income over £1,000 means you must register for Self Assessment. The government has announced the reporting threshold will rise to £3,000 — with tax still due above £1,000 via a simpler online service — but this is not yet in force and no start date has been confirmed, so the £1,000 rule still applies today.
The £1,000 trading allowance applies to your total trading income per person, per tax year — not per hustle — and you can't use both the allowance and actual expenses. A separate £1,000 property allowance exists for rental income. The trading allowance doesn't apply to income from your own limited company or a partnership. For guidance only — speak to an accountant.
Rolling 12-Month VAT Threshold Tracker
The VAT test isn't your tax year or accounting year:
• At the end of every month, HMRC looks at your VAT-taxable turnover for the previous 12 months.
• Over £90,000 and you must register.
Log your monthly VAT-taxable turnover and see your rolling 12-month total against the £90,000 registration threshold — with a projected crossing month if your trend continues.
Rolling 12-month total (to ): £0.00
Headroom to £90,000: £0.00
Average monthly run-rate: £0.00
Your figures stay in your browser and are never sent to or stored on our servers — clear them any time with the button above.
If you go over £90,000, you must register within 30 days of the end of the month you exceeded the threshold. A separate forward-look test applies if you expect to exceed £90,000 in the next 30 days alone. Taxable turnover includes standard, reduced and zero-rated sales but excludes exempt supplies. The deregistration threshold is £88,000. For guidance only — speak to an accountant.
Companies House Deadline Calculator
Every limited company has recurring legal deadlines:
• Annual accounts: first accounts 21 months after incorporation, then 9 months after each year-end.
• Confirmation statement: 14 days after each 12-month review period.
• Corporation Tax: payment 9 months + 1 day, CT600 filing 12 months after the period end.
Enter your incorporation date and see your next accounts, confirmation statement and Corporation Tax deadlines — then add them to the reminders strip at the top of the page with one click.
Enter your incorporation date above to see your deadlines.
Dates assume a standard private limited company with no shortened or extended ARD changes. HMRC splits a long first accounting period into two Corporation Tax periods — the calculator shows the year-end based dates, so your first CT deadlines may differ slightly. Companies House and HMRC deadlines are legal obligations with automatic penalties — always verify against your Companies House record. For guidance only — speak to an accountant.
Business & Home Broadband Deals
A reliable internet connection is essential. Below are exclusive deals and comparison tools to help you find the best value broadband.
Exclusive Small Business Deal
XLN Telecom is designed exclusively for UK small businesses, offering flexible contracts and low prices.
| Provider | Package | Speed | Price | Action |
|---|---|---|---|---|
| XLN Telecom | Onebill Business Broadband | Up to 1000Mbps | From £27.95 | Get Deal |
Note: XLN Telecom offers are exclusively for business customers. Check postcode and eligibility with the provider.
Compare All Broadband Deals
Not sure which provider is right for you? Use our comparison tool to check the latest deals from all major UK providers for business or home.
Compare Broadband Deals
Business Essentials
Recommended Business Services
Useful providers for office supplies, technology, broadband, security, business gifting, trade equipment and workplace essentials.
Using these affiliate offers helps keep all Own Boss tools and resources free to use.
Euroffice
Find office essentials, paper, stationery, technology accessories and workplace products.
Visit Euroffice*Currys Business
Explore business laptops, monitors, printers, phones and other workplace technology.
Visit Currys Business*Sky Business
Check available business broadband and connectivity options for your workplace.
View Sky Business Deals*ZOSI Security
Explore CCTV cameras and security systems for offices, shops and other premises.
Visit ZOSI Security*Levoit UK
Browse air purifiers, humidifiers, fans, vacuums and replacement filters.
Visit Levoit UK*Virginia Hayward Hampers
Find hampers and gifts for thanking clients, welcoming new customers, rewarding staff or sending Christmas gifts.
View Business Gifts*Bunches.co.uk
Send flowers and gifts to recognise client milestones, thank customers or show appreciation to colleagues.
Visit Bunches.co.uk*Tooled Up
Browse hand tools, power tools and accessories for tradespeople, workshops and business maintenance.
Visit Tooled Up*Office Stationery
Shop stationery, paper, office furniture and everyday supplies for your workplace or home office.
Visit Office Stationery*Hughes
Explore electricals and technology for offices, workspaces, staff facilities and home businesses.
Visit Hughes*PRC Direct
Browse electricals and technology for business premises, meeting spaces, staff areas and home offices.
Visit PRC Direct*Rapid Online
Find electronic components, tools and specialist supplies for technical, engineering and maintenance work.
Visit Rapid Online*Ryman
Shop stationery, office supplies, furniture and practical essentials for businesses and home offices.
Visit Ryman*Mobiles.co.uk
Compare mobile phones and deals for staying connected with customers, colleagues and suppliers.
Visit Mobiles.co.uk** Affiliate link. Own Boss may receive a commission if you make a purchase, at no extra cost to you. This support helps keep our tools free. See how Own Boss is funded.
Getting Started & Registration
Understand your legal obligations and how to set up your business structure in the UK.
- GOV.UK: Set Up a Business Official guidance on business structures and registration.
Funding and Grants
Access finance to grow. Explore UK government schemes and funding opportunities.
- Start Up Loans Scheme Government-backed personal loans up to £25,000 for new businesses.
- Innovate UK Funding Funding for innovative projects and businesses.
- Find a Grant (GOV.UK) Official government grant search service.
Marketing Tools
Effectively promote your business to your target audience with these free tools.
- Google Analytics Track website traffic and user behaviour.
- Canva Create professional graphics and marketing materials.
- Mailchimp Manage email marketing campaigns.
Accounting & Finance
Keep track of your finances with helpful free tools, many compatible with UK tax rules.
- Wave Free accounting software for freelancers and small businesses.
- Zoho Books Free plan with invoicing and expense tracking.
Legal & Compliance
Understand your obligations and ensure your business complies with UK regulations.
- GOV.UK: Business Support Comprehensive government information and guidance.
- ACAS Free, impartial advice on employment law.
- Intellectual Property Office (IPO) Official body for patents, trademarks, and copyright.
Landlord & Property Resources
Professional tools and guidance for property entrepreneurs and landlords in the UK.
- Professional Tenancy Agreements Create legally compliant Assured Shorthold Tenancy (AST) agreements for residential properties.
Networking in the UK
Connect with fellow entrepreneurs, find mentors, and build valuable relationships.
- BNI (Business Network International) Structured referral marketing programme with local chapters.
- Federation of Small Businesses (FSB) Offers networking, support, and a powerful voice in government.
Business Training & Skills
Enhance your business acumen with free online courses and training programmes.
- Coursera Free courses from top universities worldwide.
- FutureLearn Access online courses from leading UK institutions.
- The Prince's Trust Enterprise Free training and mentoring for young UK entrepreneurs.
Essential Freelancer Tools
Streamline your workflow and manage your freelance business effectively.
- Toggl Track Simple time tracking to log hours for projects.
- Trello Flexible project management with boards and cards.
- Slack Communication platform for teams and clients.
Mental Health & Wellbeing
Running a business is demanding. Access free resources to support your mental health.
- Samaritans Free, confidential emotional support 24/7.
- Mind Information and support for mental health problems.
- NHS Mental Health Services Access free NHS support and talking therapies.
Additional Useful Resources
For those managing business vehicles or personal transport, check out our sister site, PetrolPrices.co.uk , where you can find the cheapest fuel prices in your local area. Saving on fuel costs can help boost your business's bottom line.
Frequently Asked Questions
Are the Own Boss tools really free?
Yes. Every tool on OwnBoss.co.uk — including the invoice generator and all tax calculators — is completely free to use, with no sign-up, no account, and no hidden charges.
Do you store any of the information I enter?
No. Everything you type stays on your own device. Optional features like saved invoice details and deadline reminders use your browser's local storage only — nothing is ever sent to or stored on our servers.
Which tax year do the calculators use?
The tax calculators currently use the UK 2026/27 tax year rates and thresholds, and are updated each year when new rates come into effect.
Can I create a VAT invoice with the invoice generator?
Yes. The free invoice generator lets you add your VAT number and apply 20% VAT to your invoice with one click, then download it as a clean, ad-free PDF with your own logo.
Can I create a quote or estimate instead of an invoice?
Yes. Our free quote & estimate generator creates a professional PDF headed QUOTATION, with your logo, optional VAT, notes or terms, and a valid-until date (30 days by default) so your prices don't stay open-ended. It clearly states it isn't a VAT invoice or a demand for payment, and it shares your saved business details with the invoice generator.
How do I work out my freelance day rate?
Don't just divide a salary by 260 working days — employees are paid for holidays and sick days, and don't cover business costs. Instead, add your target income, expenses and pension together, then divide by your realistic billable days (working weeks × billable days per week — often around 184 rather than 260). Our free Freelance Day Rate Calculator does this for you and shows the equivalent hourly rate.
How much does it cost to employ someone in the UK?
More than their salary. For 2026/27, employers pay 15% National Insurance on earnings above £5,000 a year, plus a minimum 3% auto-enrolment pension contribution — typically adding 15% or more on top of the gross salary, before recruitment, equipment and holiday cover. Our free Employer Cost Calculator shows the total annual cost and percentage uplift for any salary, including the effect of the Employment Allowance.
Should I pay myself a salary or dividends from my limited company?
Many UK director-shareholders take a small salary (often around the £12,570 Personal Allowance) topped up with dividends, because dividends don't attract National Insurance. Our free Salary vs Dividend Optimiser compares your chosen mix against taking everything as salary using 2026/27 rates. Always confirm your own position with an accountant.
Should I set up as a sole trader or a limited company?
It depends mostly on your level of profit. Sole traders pay Income Tax and Class 4 National Insurance on all profits, while a limited company pays Corporation Tax and the director typically takes a small salary plus dividends. Our free Sole Trader vs Limited Company comparison shows the take-home for both structures at your profit level using 2026/27 rates. Remember a limited company also brings accountancy costs and extra admin, which can outweigh a small tax saving — always confirm with an accountant.
Do I need to use Making Tax Digital (MTD) for Income Tax?
It depends on your combined gross income from self-employment and property — turnover and rents before expenses, not profit. Over £50,000, MTD for Income Tax became mandatory in April 2026, so you should already be following it. Over £30,000 you join from April 2027, and over £20,000 from April 2028. At £20,000 or under you're not currently caught and standard Self Assessment continues. Our free MTD for Income Tax Checker tells you your position and start date instantly.
Do I have to pay tax on my side hustle?
Not if your gross trading income is £1,000 or under for the tax year — the trading allowance covers it and there's normally nothing to report. Over £1,000, you currently need to register for Self Assessment, and you can reduce your taxable profit by either the £1,000 allowance or your actual expenses, whichever is lower — never both. The government has announced the reporting threshold will rise to £3,000 with a simpler online service for smaller amounts, but this isn't in force yet. Our free Side-Hustle Trading Allowance Checker shows which option saves you more.
When do I have to register for VAT?
When your VAT-taxable turnover for the last 12 months goes over £90,000 — checked at the end of every month on a rolling basis, not your tax year. You then have 30 days from the end of that month to register with HMRC. You must also register if you expect to exceed £90,000 in the next 30 days alone. The deregistration threshold is £88,000. Our free Rolling 12-Month VAT Threshold Tracker keeps the running total for you in your browser and projects when you'd cross at your current run-rate.
When are my company's annual accounts and confirmation statement due?
For a private limited company, your first annual accounts are due 21 months after incorporation, and subsequent accounts 9 months after each accounting year-end. A confirmation statement is due 14 days after the end of each 12-month review period. Corporation Tax is paid 9 months and 1 day after the end of the accounting period, with the CT600 return due 12 months after. Our free Companies House Deadline Calculator works out your next dates and can add them to the reminders strip at the top of the page.
Do these tools replace an accountant?
No. The calculators are for estimation and guidance only and don't constitute financial or tax advice. For your specific circumstances, always check the latest HMRC guidance or speak to a qualified accountant.
Time for a Quick Break?
Step away from the numbers for a moment and recharge with something lighter before getting back to business.
Take a BreakDisclaimer
The tools and calculators provided on OwnBoss.co.uk are for general informational and estimation purposes only and do not constitute financial, legal, accounting, or tax advice. All generated documents, including invoices and summaries, are intended as templates or guidance only. We do not guarantee their legal enforceability or suitability for your specific circumstances. Always review and customise documents as needed, and consult a qualified professional (such as an accountant or legal advisor) where appropriate. Tax laws and rates are subject to change; always refer to the latest official guidance from HMRC. Use of these tools is at your own risk.
Reminder tools are provided for convenience only and do not guarantee the accuracy or completeness of any deadlines.