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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.

Fear of rejection stops self-employed from applying for a mortgage

7 November 2023

One in three self-employed individuals have never applied for a mortgage and many say they haven't even tried because they assume they would be rejected.

A study by The Mortgage Lender (TML) has found that 34% of self-employed workers have never applied for a mortgage and 30% of those say it's because they didn't think they would be approved. Overall, 26% say that they had heard that it's more challenging for self-employed people to get a mortgage.

The findings show that other reasons why self-employed people have not applied for a mortgage in the past include the fact that individuals had not built up their deposit yet (36%), they're waiting for interest rates to come down (17%), they find the process too daunting (10%) or their business is less than two years old and so they don't have the necessary documentation to prove their income when applying (15%).

While 57% of self-employed people have applied for a mortgage and been successful, 15% of this group said they were unsuccessful on their first attempt. A further, 4% revealed they applied in the past and have not yet been successful. Of those who have been rejected for a mortgage previously:

  • 38% said they were not approved due to volatile income;
  • 28% said the lender they applied through calculated that they wouldn't be able to make the repayments;
  • 27% said they did not have the necessary documentation to prove their income;
  • 11% said their mortgage rejection was based on missed or late payments;
  • 11% said they had a default or a CCJ in the past six years;
  • 5% were rejected because they were not registered to vote on the electoral roll.

Steve Griffiths, chief commercial officer at TML, said: "Self-employed work is becoming an increasingly popular route, with around 4.24 million people reporting to be self-employed in July 2023; however, it's clear that some lenders, particularly on the high street, haven't necessarily caught up with this trend and aren't always equipped to deal with more complex incomes. It's unfortunate that this is putting off so many self-employed workers from even applying when they could in fact be great candidates for a mortgage. Especially when there are specialist lenders who are well placed to support their property aspirations."

Written by Rachel Miller.

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