Making Sense of Income Tax for Self-Employed Yoga Teachers

This workshop provides an insight into what it means to be self-employed with regards to tax, VAT, self-assessments and other requirements set by HMRC.

Course Information


This workshop provides an insight into what it means to be self-employed with regards to tax, VAT, self-assessments and other requirements set by HMRC. During the afternoon session, you will receive practical guidance on how to register as self-employed or as a limited company and to fill out a tax return. In addition, the workshop will address issues around expenses, preparing for the possibility of a tax investigation, and will provide tips on how to avoid fines and penalties.

The afternoon will cover:

  • What is self-employment
  • Is it better to trade through a limited company
  • What is VAT and who needs to be registered
  • The stage at which HMRC needs to be notified
  • Whether it is better to engage a tax agent or not
  • The four classes of National Insurance
  • When tax and NI need to be paid
  • What is a tax return
  • The reason why tax and NI is often paid in advance
  • The types of expenses that can be offset against income
  • Expenses particular to yoga teachers such as ongoing training, travel in the UK and abroad, workshops run by teachers, the use of home for work, and yoga clothing
  • Expenses incurred prior to becoming self-employed
  • Expenses paid in cash
  • Income received in cash

In addition, we will look at how best to keep good accounting records using a sample scenario on Excel.

This workshop is open to all existing yoga teachers, trainee teachers looking to register as self-employed, yoga therapists and other complementary health practitioners with an interest in self-employment.

Course Information