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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.

Revealed: the best place to run a business in the UK

4 August 2020

Belfast tops the list of the best cities in the UK for running your own business, according to new research on business costs.

Utility Bidder has studied a range of common business costs - from salaries and broadband fees to office rents - to find the cheapest and the most expensive places to run a business.

In the UK, the findings show that the most affordable cities for business owners are: Belfast, Liverpool, Southampton, Glasgow, Leeds, Birmingham, Manchester, Bristol, Edinburgh and Aberdeen.

Aberdeen has the highest average annual salary at £35,000 outside London (at £37,000) while Liverpool has the lowest average salary at £26,000.

Belfast has the cheapest monthly internet cost at £28 a month, followed by Southampton and Glasgow (£29). Bristol, Edinburgh, Aberdeen and London have the highest monthly internet cost at £32.

Belfast has the cheapest average annual office cost per square foot at £34. Unsurprisingly, London has the most expensive business office occupancy costs, at an average of £113.20 per square foot.

For UK entrepreneurs thinking of expanding overseas or even relocating, the study of business costs around the world shows that the most affordable cities for businesses are: Budapest, Prague, Warsaw, Bratislava and Helsinki. Belfast comes eighth in the global list.

Office space is most affordable in Palma de Mallorca, Malaga, Valencia, Porto and Bratislava. The cheapest cities for salary are: Mexico City, Budapest, Warsaw, Porto and Prague.

Budapest offers the cheapest corporate taxes - at just 9%. But the UK's 19% corporation tax rate ensures that UK cities are in second place when it comes to low business taxes.

Overall, the most expensive cities are: San Francisco, New York, Tokyo, Boston and Geneva.

Written by Rachel Miller.

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