Does a sole trader need to file annual accounts?


Hiya, just trying to figure out whether I need to file and submit annual accounts as a sole trader. Someone please advise! Many thanks, M. R.



Sole traders do not have to file annual accounts, but you must keep accurate accounting records to complete your Self-Assessment tax return at the end of every tax year and work out how much tax and National Insurance you owe HMRC.

2 years ago

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