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


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.


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.

Countdown to Small Business Saturday begins

8 September 2020

One hundred of the UK’s most inspiring small businesses have been chosen to mark the official countdown to Small Business Saturday 2020.

Small Business Saturday takes place across the UK on 5 December 2020. The 2020 Small Biz 100 will profile some of the UK’s best small firms in the 100 days build-up to the event, to support and celebrate British small businesses.

The countdown has kicked off with independent restaurant Chukus in Tottenham, run by brother and sister Emeka and Ifeyinwa Frederick, whose passion for bringing great Nigerian tapas to London has inspired a loyal following and community crowdfunding.

The campaign will go on to showcase a daily celebration of the Small Biz 100 via social media. This year’s campaign includes a children’s store in Folkstone (Moo Like a Monkey, owned by Lou Johnson – pictured), a family-run florist in Bristol, a beauty salon in Inverness, a virtual PA in Northern Ireland and a wine school in Chester.

Michelle Ovens, director of Small Business Saturday UK, said: “This year’s Small Business Saturday is going to be the most important one yet, given the phenomenally tough time small businesses have had with the double whammy of COVID-19 and now a recession.

“Throughout the crisis, the UK has been reminded about what a special and important role small firms play in communities across the UK. The launch of the fabulous Small Biz 100 highlights the amazing, positive impact these firms have. It’s vital we continue to support small businesses as this crisis continues and we’re determined to make the 2020 Small Business Saturday bigger and better than ever.” 

Emeka Frederick, co-founder of Chukus restaurant in Tottenham, said: “As a small business whose mission is centred around building community and sharing joy, it feels very apt to be part of this positive and uplifting campaign. And in the midst of a challenging business environment, it's great to have something celebrate!”

On Small Business Saturday, customers across the UK go out and support all types of small businesses, both online and in brick-and-mortar stores. Many small businesses take an active role in promoting the day by hosting events and offering discounts. 

Small Business Saturday was founded by American Express in the US in 2010. Dan Edelman, general manager UK, Global Merchant and Network Services American Express, said: “Each and every one of the businesses featured in the Small Biz 100 have a truly inspiring story to tell and this spotlight on them has never been more important or more needed. Our local communities are richer and more vibrant for the presence of these independents and we’re honoured to play our part supporting them through our Shop Small campaign and as principal supporter of Small Business Saturday.”

Now in its eighth year in the UK, the campaign has grown significantly each year with an estimated £800m spent in small businesses across the UK on 2019’s Small Business Saturday, and a record turnout of 17.6 million people choosing to shop small on the day.

The #SmallBizSatUK campaign trended at number one in the UK on Twitter during 2019, with the prime minister, leader of the opposition and the Mayor of London among those publicly supporting the campaign. Over 90% of local councils also supported the campaign.
Small Business Saturday 2020 is open to all small businesses to participate in and will commence its regional bus tour roadshow during the autumn, to offer support and mentoring for small businesses in towns and cities across the UK.

Written by Rachel Miller.

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