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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.

Small firms and self-employed need more business support

27 July 2021

A new report has warned that the government's levelling-up agenda will fall short unless more is done to provide business advice to smaller firms.

Open for Business, a report from the Federation of Small Businesses (FSB), has found significant gaps in business support for small firms and the self-employed. The report has looked at how business support advice was used by small firms during the pandemic; it has found that while it helped some, others were left with little support.

The findings show that:

  • 84% of small firms received some sort of business support advice during the pandemic;
  • But only 45% of small firms say the advice they received helped their business survive the pandemic;
  • And most sole traders said that business support advice for them was not helpful.

Martin McTague, FSB national vice chair, said: "We've endured almost 18 months of this terrible pandemic which has wreaked economic chaos for small businesses all over the country. That's why the support and advice available to them has never been more important.

"If small firms are to compete on fair terms with larger businesses, if regions are to step out of the shadows and if all businesses can thrive after the pandemic, then an element of levelling up is critical to success. Even when times are good, gaining access to the right support at the right time can be tricky."

The FSB says improving support for SMEs must be part of the next Spending Review - because small firms are found in every local community, they are crucial to balancing-up productivity, innovation, jobs and opportunities across towns and rural areas as well as cities.

"For too many, knowing where to look, who to speak to and what to do leads to a dead end and that needs to change," said McTague. "Every day, small firms ask themselves how can I manage my debt? How can we achieve Net Zero without breaking the bank? Or how can I attract more staff? It's these sorts of questions where the right advice can make huge differences.

"Our findings show that existing business support advice already helps small firms when it comes to taxation and regulation, but as our post-EU journey continues and while we continue to weather the economic COVID-19 storm, there is plenty more government could be doing to help make things easier."

The FSB is calling on the government to simplify and streamline how and where small firms can access critical business support advice, building on what currently works. "You can only level up local economies by backing small businesses … If the right advice can be accessible to all, then small businesses can thrive, our economy can bounce back and everyone benefits," said McTague.

Written by Rachel Miller.

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