TaxSnapper
Features / Tax estimates
Self-employed tax estimates

How much of it
should I keep
back for tax?

See an estimate alongside your business records. TaxSnapper uses the information you enter to help you plan what to set aside.

Free everyday bookkeeping. No monthly subscription. No bank connection required.

Try the free tax calculator →
Illustrative annual example · 2026/27
Business income£40,000
Allowable expenses− £8,000
Business profit£32,000
Estimated Income Tax£3,886
Estimated Class 4 NI£1,165.80

Illustrative tax + Class 4 NI

£5,051.80

Worked example, not an app screenshot or personal result. Full-year sole-trader income only, standard Personal Allowance, Class 4 NI applies. England, Wales and Northern Ireland. No other reliefs, mileage deduction or CIS credit.

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Record income, keep expenses and receipts together, and check your estimated tax.

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How the estimate is built

Start with the records.
Then do the maths.

Your turnover is not your profit, and your profit is not your tax bill. TaxSnapper works through the supported information you enter for the tax year.

An estimate based on part of the year is not a promise of your final annual bill. Missing entries, later income, other income and reliefs can change your position.
01

Add business income.

For CIS work, record gross income separately from the tax your contractor deducted.

02

Allow for business costs.

Allowable expenses and eligible business mileage relief reduce the profit used. Do not count the same vehicle costs twice.

03

Apply allowances and tax bands.

The relevant Personal Allowance and Income Tax bands are applied to the supported information entered.

04

Include Class 4 NI and CIS.

Class 4 NI is calculated on self-employed profit. Recorded CIS deductions are tax already paid, rather than a business expense.

Working under CIS?

Keep the tax bill
and the tax paid
separate.

A contractor’s CIS deduction is a payment towards your tax position. It does not reduce your gross business income when calculating profit.

Read HMRC’s CIS guidance →
Extending the example above
Illustrative tax + Class 4 NI£5,051.80
Hypothetical CIS credit− £3,000
Illustrative amount remaining£2,051.80

Same assumptions as above. Actual deductions must match your records. Other payments and liabilities can change the balance. A credit is not a guaranteed HMRC refund.

Try a number now

Need a quick
starting point?

Use the free website calculator for a one-off illustration. For an estimate grounded in your ongoing business records, keep your relevant income and costs up to date in TaxSnapper.

Open the tax calculator →

Both provide estimates. A more complete record gives you a more useful basis; neither guarantees your final tax bill.

Before you get started

A few practical questions.

Which rates does the example use?

2026/27 rates for England, Wales and Northern Ireland: standard Personal Allowance £12,570; Income Tax bands at 20%, 40% and 45%. The allowance tapers above £100,000 adjusted net income. Class 4 NI is 6% on profits above £12,570 up to £50,270, then 2% above, where liable. Scottish bands differ. HMRC Income Tax rates · HMRC NI rates. Rates checked 15 October 2026.

Is this my final HMRC bill?

No. It is a guide based on your records and the circumstances the app supports. Other income, pensions, student loans, reliefs and tax already paid may affect your actual position. Review your complete position before filing or paying.

Does TaxSnapper move money aside or pay HMRC?

No. You decide what to reserve and manage the money yourself. TaxSnapper does not move funds, pay HMRC, submit tax returns or submit MTD updates.

Why use the app instead of just the calculator?

The website calculator gives a one-off illustration. The app keeps your recorded income, expenses and receipt photos together, so you can review an estimate with the information behind it.