Freelancer Tax Calculator

Freelancer Tax Calculator 2025/26 - UK Self-Employed Tax Estimator

Freelancer Tax Calculator

Calculate your 2025/26 tax bill in 60 seconds

📅 Tax Year 2025/26 (April 2025 - April 2026)

1. Annual Gross Income (before expenses)

Total money you've earned from freelancing/self-employment

2. Business Expenses (tax-deductible)

Equipment, software, travel, home office, etc. (excluding mileage and vehicles below)

🚗 Business Mileage (Optional)

Total business miles driven this year

HMRC Approved Rates:
• First 10,000 miles: 45p per mile
• After 10,000 miles: 25p per mile

🚙 Vehicles & Equipment Purchased This Year (Optional)

New van, car (low emissions), or equipment

Annual Investment Allowance (AIA):
• 100% deduction in year of purchase
• Applies to: vans, equipment, machinery, computers
• Cars: depends on CO₂ emissions (simplified as 100% for low-emission)
• Annual limit: £1,000,000

3. Tax Already Paid (optional)

If you're employed part-time or had tax deducted at source

I'm VAT registered (or will be over £90,000 turnover)

If your turnover exceeds £90,000, you must register for VAT

📌 Important: This calculator provides an estimate based on 2025/26 tax rates and standard allowances. Actual tax liability may vary. For complex situations, consult HMRC or a qualified accountant.

Your Estimated Tax Bill

£0

💰 Set aside £0 per month

Your Estimated Take-Home

£0

💰 Cash Flow Reconciliation

This shows your actual cash position - real money in and out of your bank account.

⏰ When to Pay (Self Assessment)

31 January 2026: Payment on account 1 (50% of tax bill)
31 July 2026: Payment on account 2 (remaining 50%)
31 January 2027: Balancing payment (if you owe more)

Set up a separate savings account and transfer your monthly amount automatically!

📊 How This Is Calculated

Assumptions & Rates (2025/26)

Income Tax:
• Personal Allowance: £12,570
• Basic rate (20%): £12,571 - £50,270
• Higher rate (40%): £50,271 - £125,140
• Additional rate (45%): Over £125,140

National Insurance:
• Class 2: £3.45/week (£179.40/year)
• Class 4: 6% on £12,571 - £50,270
• Class 4: 2% on profits over £50,270
• Payable if profits over £12,570

Allowances:
• Mileage: 45p (first 10k), 25p after
• Capital Allowances: 100% AIA
• VAT: 20% (if registered)
• VAT threshold: £90,000

This calculator uses simplified assumptions. Actual tax may vary based on: marriage allowance, pension contributions, student loan repayments, dividend income, and other factors not included here.