"AM, I TRADING?" UK TRADING STATUS SELF-ASSESSMENT CHECKLIST

The UK trading status checklist is designed for freelancers, side-hustlers and the self-employed. It is a practical guide to enable individuals engaging in any form of trading activity to check whether what they are operating under HMRC regulations for tax purposes. It's an easy- to- follow checklist. It includes prompts to help the entrepreneur identify whether the activity engaged on is to be reported and when and how to do so. This checklist is most relevant at this time because there are individuals engaged in side-hustling and freelancing however may not the knowledge of what constitutes a trade.