National Insurance Contributions for Sole Traders In addition to income tax, sole traders are liable for Class 2 and Class 4 National Insurance Contributions (NICs) based on their profits.

Find out what insurance you need by reading Business insurance everything ... Using an Employer of Record as a sole trader As a sole trader, you might think you don’t have the resources to manage ...

As a sole trader, you'll pay income tax and National Insurance contributions (NICs) on your profits, but you won't be subject ...