Starting your own business
Last Updated: 29 Nov 2021
Contents
Support provided by
Business Gateway
What does this involve?
When you run a business as a sole trader, you are self-employed. That means you’re responsible for paying the right tax and National Insurance contributions at the right time. You must register as self-employed with HM Revenue and Customs (HMRC) when you start your business – a penalty may apply if you delay this too long.
Read the Business Gateway guide to starting your own business to see what’s involved in being a sole trader.
This free guide looks at:
- getting started
- types of National Insurance
- keeping financial records
- registering to complete Self Assessment tax returns online
- paying your tax and National Insurance contributions
- growing your business
Am I eligible?
Yes, if you are thinking about starting, or already run, a business in Scotland.
What does this cost?
This is a free and impartial service.
Who is this for?
Any potential start-up or new business based in Scotland.
How long does this take?
Take 10 minutes to read up on starting your own business as a sole trader.
Important information
Next steps
Visit the Business Gateway website for lots of advice on starting your own business.
Support provided by
Business Gateway