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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.

Invaluable free guide on contract law basics launched

21 March 2024

UK businesses of all sizes, and in all sectors, can benefit from a new free information guide that has been launched by Business Companion to give a clear, concise, and up-to-date overview of the key aspects of contract law for their everyday operations.

Understanding the key aspects of contract law is essential for businesses of all sizes to navigate their everyday operations successfully.

It is vital that companies and traders comply with legal requirements, mitigate risks, and protect their interests in commercial agreements.

Contract law basics: Guidance for businesses on the basics of contract law is part of a series of resources published by the Business Companion website on behalf of the Department for Business and Trade. The guide, authored by experts in consumer protection law, aims to equip traders with essential knowledge to navigate the intricacies of contract law effectively. By providing insights into common pitfalls, mistakes, and misunderstandings that may arise in contractual agreements with customers, suppliers, and other businesses, this resource empowers businesses to make informed decisions and uphold legal compliance.

Whether entering into new contracts or managing existing ones, this guide serves as a reliable companion for businesses seeking clarity and guidance in the realm of contract law. It includes definitions of frequently used terminology and the key elements of contract formation, as well as examining the different types of contracts that businesses frequently enter, including those governing on-premises and distance sales.

Both business-to-consumer and business-to-business contracts are covered, as well as postal and online contracts. The guide also looks at what would be considered unfair contract terms and conditions and examines important issues such as a customer’s capacity to enter into a contract.

As well as handy links to further in-depth reading and the relevant areas of legislation, the guide incorporates a useful checklist that can be used by businesses to help ensure that the terms and conditions they use align with best practice and consumer protection law.

The launch of the guide coincides with a series of webinars, hosted by the Chartered Trading Standards Institute (CTSI) and presented by the guide’s author, Jemma Cox. These free two-hour sessions, which will include guidance on the do's and don'ts of writing contracts, will take place on 22 March at 10 am and 28 March at 1 pm. Limited places are available, so to register via the guide as soon as possible to avoid disappointment.

By staying up to date on the latest developments in this legal field, businesses can mitigate risks, protect their interests, and enhance their overall contractual relationships. Whether dealing with suppliers, clients, or partners, having a solid understanding of contract law is crucial for fostering trust, resolving disputes, and maintaining successful business relationships.

The repercussions of making mistakes when designing your contracts could be significant, with the potential for disputes with customers, work not being paid for, legal penalties and time-consuming and expensive remediation costing your business dearly.

To make sure you’re getting things right from the get-go, visit today to download the free guide.

About Business Companion

Business Companion is a free online resource produced by the Chartered Trading Standards Institute (CTSI) on behalf of the Department for Trade.

The content on Business Companion is written and verified by expert contributors but is not designed to be a replacement for professional advice and is intended only for guidance. Only the courts can give an authoritative interpretation of the law.

Business Companion covers Trading Standards law for England, Scotland and Wales. For guidance on the law in Northern Ireland, please see

Copyright 2024. Story submitted by Business Companion.

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