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

Search

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.

Commuters lose five days a year because of delays

7 January 2020

The CBI and KPMG have launched a campaign to highlight the need to improve transport infrastructure across the UK.

The 18-month campaign, The Future of Commuting, aims to make commuting greener, more affordable and more reliable for communities across the UK.

A survey of 2,000 UK workers, conducted in 2019 by the CBIPorter Novelli and Opinium, found that on average commuters lost 2.7 hours a week due to travel disruption or delays. This equates to 125 hours over the course of a working year - or five entire days.

"As we head into a new year, and a new decade, commuters will be anxious to see what the new government's spending commitments will mean for them," said Matthew Fell, CBI chief UK policy director.

"Encountering delay and disruption far too often, employees up and down the UK want a cheaper, greener and more reliable commute. This will only be achieved by business and the government working together to invest and deliver the right infrastructure, and make better use of existing capacity on our networks - from a plan for a more accountable rail system to expanding smart ticketing and promoting flexible working."

Ed Thomas, head of transport at KPMG UK, said: "The election saw a broad consensus between the parties around the importance of transport infrastructure and green investment. However, a number of these issues have been talked about for years and commuters now want to see this talk translate into action.

"Whether it be developing new models for funding and delivering transport infrastructure in the North and Midlands, simplifying our system of rail fares or determining how government and business can work together to meet the challenges posed by net-zero, transforming the experience of commuters is an area where the UK needs to build some real momentum."

Written by Rachel Miller.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.