Skip to main content
We're here with practical tax information for your business. Find out about business taxes, tax planning and more.

Search

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.

VAT

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.

Calls for small ecommerce firms to get more protection online

17 October 2023

More than one in two small businesses rely on ecommerce platforms to sell online but many face problems with fake reviews, late payments and infringement of intellectual property.

The Federation of Small Businesses (FSB) has set out proposals to protect and promote small business owners who use online sales platforms in the light of new research that has highlighted a number of key issues facing small ecommerce firms.

The withholding of funds owed to small businesses by online platforms is a growing problem, with the BBC reporting that both Etsy and Amazon have changed how they handle reserves, leaving some small businesses waiting over a month to be paid. One in six (16%) of small business users of Amazon in the FSB research said that it took more than a month to receive their money, potentially causing issues with their cashflow.

The FSB research findings show that:

  • 53% of small firms sell products via online platforms such as Amazon, eBay and Etsy.
  • 71% of those said that these platforms are "important" or "very important" to their business.
  • 29% of those that are currently using platforms use them to trade internationally.
  • However, 39% of the small businesses surveyed who had an issue with a platform said it was "difficult" or "very difficult" to resolve that issue.
  • 16% of small businesses who reported issues with platforms said they were resolved "very unfairly".

Fake or malicious reviews are a key problem - one in eight small businesses (12%) who have used a platform in the past 12 months have reported malicious or fake reviews. Businesses also say that their products have been de-ranked (made less visible in search results) after a platform launched its own competing product, or even delisted altogether.

Intellectual property infringement is another area of concern, with many small businesses saying they have experienced a breach, including the copying of designs and products (20% of those surveyed using Amazon, 12% using eBay and 8% using Instagram and Facebook Marketplace).

"Ecommerce sites are an indispensable part of everyday life for millions of people, and many thousands of small businesses make use of them to get their product or service in front of as many people as possible. There is, however, a huge mismatch between small firms and online platforms in terms of size, resources, and, ultimately, power … Small firms are calling out for more to be done on issues like protection of their intellectual property, while platforms should commit to paying businesses as promptly as possible - a figure that would be a rounding error for a large ecommerce site could easily be the difference between survival or closure for a small firm." Tina McKenzie, FSB policy chair.

FSB recommendations for small online businesses

The FSB report, Net Benefits? Small business use of online platforms, proposes a number of key recommendations for regulators, platforms and the government, including:

  • Platforms should pay small businesses within a maximum of thirty days, in line with the Prompt Payment Code.
  • Platforms should invest more in systems to resolve issues for small businesses, including dedicated dispute handling resources.
  • The UK government should consider legislation to make it an offence for an individual to post a fake and malicious online review.
  • The UK government should legislate to introduce a rapid, effective and affordable dispute resolution procedure which would cover disputes between small businesses and ecommerce platforms, and between small businesses and other platform users, including consumers and other businesses.
  • The Competition and Markets Authority should investigate the charging structures and levels of retail platforms, accommodation and food delivery platforms, to determine whether these are indicative of monopolistic behaviour.

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.