What Types of Taxes Do Freelancers Have to pay in the UK?
As of October 2024, freelancing in the UK comes with various financial responsibilities, one of the most crucial being the need to manage and pay taxes. Unlike salaried employees who have taxes deducted by employers, freelancers must handle their own tax liabilities, which can involve several different types of taxes. This article will explore the main taxes that freelancers in the UK must pay, how they are calculated, and what steps are necessary to stay compliant with HMRC (Her Majesty’s Revenue and Customs).