Sole Trader Tax Calculator UK 2025/26

Sole Trader Tax Calculator UK 2025/26 | Elite Business Journal
Your Income & Expenses
Annual Revenue (Gross Income) ? Total income before deducting any business expenses.
£
Allowable Business Expenses ? HMRC-allowable expenses deducted from revenue to calculate your taxable profit (e.g. equipment, travel, software, home office).
£
Leave blank or enter 0 if unsure — you can refine later
Options
Use Trading Allowance (£1,000 deduction)
Enable if your expenses are below £1,000 — HMRC allows you to deduct £1,000 instead
Include Student Loan repayment
Your Tax Breakdown
📋
Enter your income on the left
to see your full tax breakdown
Estimated Take-Home Pay
£0
per year
Gross Revenue £0
Business Expenses −£0
Taxable Profit £0
Income Tax −£0
Class 4 National Insurance −£0
Estimated Take-Home £0
Income split Tax burden: 0%
Take-home Income Tax NI
Effective total tax rate: 0%
2025/26 Tax Rates Used: Personal Allowance £12,570 · Basic Rate 20% (up to £50,270) · Higher Rate 40% (£50,271–£125,140) · Additional Rate 45% · Class 4 NI 6% (£12,570–£50,270), 2% above. Class 2 NI abolished April 2024.
This tool provides estimates for guidance only. For advice specific to your circumstances, consult a qualified accountant or tax adviser. Source: GOV.UK.