When it comes to how registering as a sole trader, it couldn't be easier, and you only need to fill out a small amount of paperwork.
You'll have to give information about yourself and your business, like your “National Insurance Number”. You'll need to tell HMRC that you're switching to self-assessment tax status and fill out a tax return every year. Before your income is taxed, you have a personal allowance of £12,500. Connecting your HMRC account to Moneypex makes it easy to send your VAT returns online.