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

Tax rates and tax thresholds

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.

Business tax planning

Effective tax planning is essential if you are to minimise your tax bills. Simple tax planning can significantly reduce your tax liabilities.

Tax self-assessment

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

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

National Insurance Contributions (NICs) are payable whether you are self-employed or employed by your own company, although different rates apply.

Payroll and benefits

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

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.

Commercial property taxes

Business property taxes apply to businesses with commercial premises.There are two commercial property taxes: business rates and stamp duty land tax.

Tax problems and investigations

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.

How to claim a National Insurance rebate

There are different classes of National Insurance and the amount and types you will pay will depend on your employment status and the amount you earn

Who pays National Insurance contributions?

National Insurance contributions are payable if you are:

aged over 16;
an employee earning more than £242 a week;
self-employed with profits over £6,725.

When might I overpay my NICs?

In some circumstances, it is possible to overpay NICs, for example:

if you have a high income;
if you are both employed and self-employed;
if you have more than one employed job;
if you are self-employed but your profits are under the Small Profits threshold limit;
if you have continued to work after state pension age and have continued to pay NICs.