Skip to main content
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 UK cities to start a side hustle

17 November 2020

Brighton tops the list of the best places to start a side business as it emerges that website domain name registrations for new businesses soared during the last lockdown.

With unemployment rising and millions still furloughed, 2020 has seen the emergence of many new independent enterprises as Brits try to get their business ideas off the ground. Many are part-time side hustles that can be run alongside a regular job.

A new study by The UK Domain has found that there was a significant spike in registered UK web domains during the last lockdown. London saw the biggest increase, with 66,436 domains registered from March through to July. However, the spike was also seen in towns and cities across the UK.

The UK Domain has studied the domain name registrations and also analysed a number of key criteria in order to assess which city in the UK has the best working conditions to start a side hustle. These include: cost of living, broadband speed, life satisfaction, disposable income and average time working.

The results show that the top ten cities to start a new side business are: Brighton and Hove, Edinburgh, Gloucester, Bristol, Cardiff, Leeds, Newcastle, Glasgow, Sheffield and Plymouth. During the peak of lockdown, 7,377 new domains were registered in Brighton, while Edinburgh saw 5,504 new registrations.

Brighton is known for its many independent shops and abundance of cafes. It scored highly on all of the index ranking factors, with life satisfaction scale, broadband speeds, disposable income and average working hours all providing good conditions to start a side hustle. Edinburgh scored highly on life satisfaction and disposable income.

Data on the number of new .uk domains registered during lockdown (March to June) shows that there was a 22% increase in food and drink domains being registered, indicative of cafes, restaurants and pubs having to build an online presence while their doors were shut.

Exercise businesses increased by 23%, responding to the appetite of people looking to stay fit while they couldn't leave their homes. Other sectors that saw a spike in domain name activity were fashion, gardening and delivery services. Industries in decline - based on domain name registration data - included taxi services (which saw a 38% decrease), automotive and construction.

The UK Domain is a free resource that provides small business advice on starting, building and growing an online presence. It is run by Nominet, the official registry for all .uk domain names.

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.