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Sole trader tax deadlines: 5 October, 31 January, 31 July

Three dates matter for many sole traders: 5 October for telling HMRC you need to complete a tax return, 31 January for online Self Assessment and the balancing payment, and 31 July for the second payment on account where it applies. The best deadline habit is to prepare records monthly so these dates become checks, not emergency rebuilds. The key dates sole traders should know, and how to prepare records before each one.

Key takeaways

• Registration and filing deadlines are different things.
• Payments on account can surprise first-time filers with growing profit.
• Deadline prep is mostly record prep: income, expenses, proof and questions.
• Budget payment plans may be available through HMRC, but check current rules directly.

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