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

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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.

Find a lost National Insurance number

If you've lost your National Insurance number, you'll need to find it to make sure your income tax, National Insurance contributions and benefits are dealt with properly. Finding your National Insurance number is usually relatively straightforward. If you have never had one, you'll need to apply for a new National Insurance number.

If you live in the UK, you should automatically get a National Insurance (NI) number just before your 16th birthday. This unique reference number allows HM Revenue & Customs (HMRC) to keep records of your tax and National Insurance contributions. It also ensures that you get the benefits - including the state pension - that you are entitled to

National Insurance contributions are payable for most people who work in the UK. An employer will want to know your NI number before you start a job, so that they can collect the right employee and employer National Insurance contributions, as well as income tax deductions.

How to find your National Insurance number

HM Revenue & Customs no longer issues plastic NI cards. If you have lost or forgotten your NI number, you can find it on your payslip, P60, or on any letters sent to you by HMRC relating to tax, pensions and benefits. You can also view it on your personal tax account (if you've registered for one) or by downloading the HMRC app.

You can use the HMRC app to check:

  • your NI number
  • your tax code
  • your Unique Taxpayer Reference (UTR) for Self Assessment

Download the app from the App Store (for iOS) or the Google Play Store (for Android).

If you cannot register for a personal tax account and you still can't find your NI number, you can:

HMRC will not provide your National Insurance number over the phone – it will be posted to you.

How to get a new National Insurance number

If you are between 16 and 19 years old and didn't get an NI number when you turned 16, you can phone the National Insurance numbers helpline on 0300 200 3500.

If you're over 20 and you haven't got a NI number, you need to apply for a National Insurance number. You'll need to provide proof of identity, and it may then take up to 16 weeks to get the new National Insurance number. If you need help, call the National Insurance number application helpline on 0800 141 2079.

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