Self-employed hairdressers and barbers — including chair renters — are taxed on profit after costs like products, chair rent, tools, insurance and training.
Keep every product and equipment receipt; they add up and reduce your taxable profit.
Yes — if you rent a chair you can claim the rent as an allowable expense, along with products, tools and insurance.
On your profit — income minus allowable expenses. You pay income tax above your personal allowance, plus Class 4 National Insurance on profit above the threshold.
Costs incurred wholly for your work — tools, materials, travel, phone, insurance and more. Keeping them recorded reduces your taxable profit.
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