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

Search

Making Tax Digital is transforming the UK tax system. Sole traders, landlords and VAT-registered businesses will need to keep digital records and report income and expenses online.

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.

Making Tax Digital is transforming the UK tax system. Sole traders, landlords and VAT-registered businesses will need to keep digital records and report income and expenses online.

Resource topics

6 results shown
Income tax self assessment is changing for sole traders, landlords and ordinary partnerships under Making Tax Digital; these FAQS explain what you need to know.
UK VAT reporting has changed under Making Tax Digital; these FAQs focus on the key issues business need to know.
How Making Tax Digital for Income Tax works for the self-employed. Who it applies to, when, and what you have to do
Discover what you need to do to comply with Making Tax Digital for VAT including recording transactions and filing VAT returns digitally.
MTD for VAT need not be onerous if you follow five simple good habits to keep your VAT records up to date and filed on time.
How to submit VAT returns under Making Tax Digital (MTD), including advice on MTD rules and using MTD-compatible software and accounting apps.