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We're here with practical tax information for your business. Find out about business taxes, tax planning and more.

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We've scoured the web to get you the most up-to-date advice which includes the most useful tools on offer from the officials themselves.

Effective tax planning is essential if you are to minimise your tax bills. Simple tax planning can significantly reduce your tax liabilities.

The self-assessment tax return is an unavoidable burden if you are liable for self-employed tax or have complicated income tax affairs.

Corporation tax is charged on a company's profits. If you trade as a limited company, ensure that paying this tax is as painless as possible.

National Insurance Contributions (NICs) are payable whether you are self-employed or employed by your own company, although different rates apply.

As well as your legal obligations, you’ll want to ensure that payroll is painless and that you use any opportunities to improve your tax-efficiency.

VAT

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

Capital gains are made when you sell something for more money than you paid for it. As a result, you can be subject to tax. Take professional advice.

Business property taxes apply to businesses with commercial premises.There are two commercial property taxes: business rates and stamp duty land tax.

If you have tax problems or face a tax investigation, it pays to seek professional advice and you must act rather than just hoping for the best.

News

July 2021

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The UK's leading business groups are calling on the government to rethink its self-isolation strategy and focus on daily testing to keep more people at work.

A new report has warned that the government's levelling-up agenda will fall short unless more is done to provide business advice to smaller firms.

New research shows that Brits are worried about the continuing decline of the high street, a process that has been accelerated by the pandemic.

A new study has found that shoppers spend 54% less with small businesses that have not updated their websites compared to those that have.

Self-employed workers can now claim the fifth and final government grant but to be eligible they must demonstrate that their turnover has fallen as a result of the pandemic.

Many small businesses are continuing to ask customers to wear masks, use sanitiser and respect social distancing even after COVID restrictions have been lifted.

HMRC has reminded employers that they are legally obliged to pay students and other summer workers at least the National Minimum Wage (NMW).

The CBI has devised a six-point plan for businesses to reopen successfully and learn to live with the COVID virus.

The British Chambers of Commerce (BCC) has welcomed news that full reopening of the UK economy will go ahead on 19 July, but fears lack of clear guidance will leave businesses uncertain of how to protect their employees and customers.  

A new study into employee share schemes has found that they significantly boost company growth, make recruitment easier and improve employee retention.

The government will remove the vast majority of COVID restrictions from 19 July - although it is urging people and businesses to remain cautious - but not everyone thinks a mass return to the workplace is a good idea.

An estimated 26,000 ecommerce sellers in the UK face additional red tape costs from July as the EU introduces new VAT rules on sales from outside the bloc.