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.

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.

Resource topics

15 results shown
Under Making Tax Digital (MTD), the rules on how to submit VAT returns changed on 1 April 2019; here’s how to make sure you are compliant.
As well as ensuring you comply with your legal obligations under the "Making Tax Digital" initiative, maintaining accurate, current VAT records makes it easy to get the VAT you paid back.
It can be easy to make mistakes with VAT - and ignorance is no defence. Here's our guide to some of the possible pitfalls and how to avoid them.
The VAT return summarises your sales and purchases and the VAT relating to them. All the information you need should be in your VAT records.
VAT accounting schemes can make your life easier, simplifying your VAT accounting and in some cases improve your cash flow.
If you register for VAT with HM Revenue & Customs (HMRC), you must charge VAT on any goods and services you sell that are subject to VAT.
Tax penalties can be incurred if you make careless errors, while deliberate tax evasion or fraud can be treated severely - so avoid penalties.
MTD will have a profound impact over the next few years - not least on how accountants support their business clients. Benjamin Dyer explains.
Despite concerns that the Chancellor would slash the VAT threshold, it has instead been frozen until 2022. But what does this mean for small firms?
The chancellor's Budget statement is when the Government outlines its spending plans. We look at the key announcements that affect the UK's business community.
Tamara Habberley reveals four of the most common mistakes that small businesses make when it comes to managing their VAT processes.
Everything you need to know about registering for VAT when you are starting up a new business to ensure you aren’t hit with penalties by HMRC.
VAT-registered businesses charge VAT on sales of goods and services. Use this tool to find the correct VAT rate you must charge and pay to HMRC.
Use this Tool to find out how you can pay any VAT owing to HM Revenue & Customs.
Tax consultant Tamara Habberley explains why keeping on top of your VAT is vital if you want to avoid costly mistakes and wasting time.