![wooden blocks that spell out the word 'RULES'. wooden blocks that spell out the word 'RULES'.](/sites/default/files/styles/responsive_4_3_600w/public/2024-06/new_rules_for_taxing_self-employed_profits.png?h=867b6a44&itok=f4RxuxJM)
New rules for taxing self-employed profits
From April 2024 some self-employed individuals (sole traders) and partnerships will be taxed on profits calculated over a different time period to their accounting year. This is because new ‘basis period reform’ rules are being introduced which mean all self-employment and partnership profits will b...