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The total value of all sales.
The cost of items purchased to sell.
The cost of wages.
The cost of all admin and any other costs.
The total value of all other income.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
04 Dec 2025
Although there are less than two months until the self assessment deadline there is still time to start an accurate return, says HMRC.
03 Dec 2025
A report published by the Organisation for Economic Co-operation and Development (OECD) has suggested that tax rises and spending cuts announced by Chancellor Rachel Reeves will serve as headwinds to the UK economy.