Sole Traders: Profits

Summary

To ask the Chancellor of the Exchequer, what estimate he has made of the number of sole traders who made average profits of between (a) £50,001 and £60,000, (b) £60,001 and £70,000, (c) £70,001 and £80,000 and (d) over £80,000 in the UK over the last thre

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Timeline

1. 29 April 2020

   Written question

   To ask the Chancellor of the Exchequer, what estimate he has made of the number of sole traders who made average profits of between (a) £50,001 and £60,000, (b) £60,001 and £70,000, (c) £70,001 and £80,000 and (d) over £80,000 in the UK over the last thre

   Source: Commons

2. 11 May 2020

   Answer

   HMRC have examined their data systems and because of the way the data is held, they cannot construct an average of sole trader profits over several years for such a large group within the resource constraints for a Parliamentary Question. HMRC are using S...

   Source: Written answer

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• · Treasury · Answering body

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