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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.

Shoppers urged to support local stores as lockdown eases

16 June 2020

The Federation of Small Businesses is calling on the public to support small retailers as they begin to reopen up after lockdown.

As thousands of small retail businesses in England reopen their doors for the first time since March, the Federation of Small Businesses (FSB) is urging people to "shop small" and support small firms.

Mike Cherry, FSB national chair, said "it has never been more important to support small firms, shop local and support the nation's self-employed."

FSB data shows that:

  • 35% of all small businesses closed their doors during lockdown;
  • 60% of all retailers were closed during the lockdown.

More than half of small retailers (60%) polled said it would cost up to £1,000 to comply with government guidance on working safely; 28% said it would cost between £1,000 and £10,000 to comply.

Of those retailers that were closed throughout lockdown, 20% say they do not believe they can reopen in a way that is compliant with government advice on working safely, including social distancing.

"The past few months have been and remain some of the toughest periods of trading that the economy has faced in recent history," said Mike Cherry.

"Right across every single village, high street, town centre and city shopping centre, small businesses have faced an unprecedented period of turbulence the likes none have seen before. That is why today is a crucial landmark in getting back to business, bringing the retail economy back on track as well as crucially safeguarding the livelihoods of millions of employees."

However, he warned that reopening won't happen overnight. "For many this will be a slow and gradual easing back into business. Not every small firm will find it financially viable to open, while others will not be able to cope with full customer demand on day one with social distancing measures still in place, and their desire to protect their staff, suppliers and customers. Some shops are deliberately staggering opening times among themselves to help manage the high street, and manage deliveries.

"The raft of financial packages from the government has enabled thousands of businesses to stay afloat, but this of course cannot last forever, and we need small businesses to be back and trading, so they can get back on their feet. That's why it's vital that the public now do all they can to support small firms as they start to reopen."

"Shoppers can support small firms in many ways," Cherry said. As well as visiting local stores once they reopen, shoppers can continue to support local businesses that are selling online as well as offering support on social media and review sites.

For those going into the bricks and mortar stores, "patience from the public is needed," said Mike Cherry. "There may be queues in place, limits on the number of shoppers in a single building and other measures all designed to protect staff as well as customers. So I'd urge everyone to show patience and consideration especially during the next couple of weeks."

Written by Rachel Miller.

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