Tax

If you're in business, paying tax is unavoidable - but it doesn't have to be painful. Read about rates, reliefs and what to do if you're investigated.

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Tax - overview

Good tax planning is essential for small businesses. Read our practical information on how business income is taxed, key business taxes and tax help

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Property taxes - overview

Understanding business property taxes can help you take advantage of tax reliefs and ensure you aren't caught out by unexpected charges. Our guide.

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Self-employment - overview

Being self-employed as a sole trader can be a straightforward way to be in business - but you need to comply with your tax obligations. Our guide.

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VAT - overview

Our overview of how VAT works, when you might need to (or choose to) become VAT-registered and what your obligations will be if you do.

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Tax self-assessment - overview

While nobody likes paying income tax, the right approach to your tax return will minimise aggravation and can reduce the amount you end up paying.

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Capital gains - overview

Effective planning can minimise your liability for capital gains tax by taking advantage of available allowances and reliefs. We explain your options.

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National Insurance - overview

Although it can affect your entitlement to some state benefits, effective tax planning may allow you to reduce your NI contributions. Our overview.

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Payroll and benefits - overview

If you have employees, you'll almost certainly be required to operate PAYE to collect income tax and NI contributions. Our guide to the basics.

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Corporation tax - overview

Corporation tax is charged on taxable profits including trading profits and most investment profits as well as capital gains. What you need to be aware of.

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Annual Tax on Enveloped Property

Annual Tax on Enveloped Dwellings (previously called Annual Residential Property tax) is payable on certain high-value, enveloped properties.

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Business rates

UK business rates, which are largely unavoidable, are a tax on non-domestic property and they vary depending where the premises are located.

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Business rates and working from home

If you work from home, you may be liable for business rates for the part of your home you use for work - in addition to council tax on the rest.

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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.

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Chargeable gains for companies

Company capital gains tax can be reduced, deferred or eliminated altogether by making use of available allowances, reliefs and exemptions.

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Common VAT problems

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.

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Corporation tax

All incorporated companies need to pay corporation tax on their profits. Our guide to calculating, paying and minimising corporation tax.

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Corporation tax returns

All active UK limited companies (and some dormant ones) must file corporation tax returns, typically, every year: file yours properly and on time.

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Employee benefits and tax

Employee benefits can be complicated. You need to ensure that your payroll systems deal with employee benefits properly and report in real time.

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Employee National Insurance

Minimising employees' Class 1 NI contributions directly benefits the employee and the employer, by making it easier to recruit and retain employees.

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Employment status

Many businesses start out as part-time jobs or hobbies that develop into a business. It's possible to be employed and self-employed simultaneously.

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Income tax allowances and reliefs

Your income tax allowances include allowable expenses which you can set against your taxable profits as well as the personal income tax allowance.

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Key dates for the tax year 2018/19

Knowing the important deadlines in the tax year 6 April 2018 to 5 April 2019 will help you to prepare and send off the main forms in good time.

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National Insurance

Employers pay employer National Insurance contributions (NICs) for each employee, and also collect their employees’ contributions. Our guide to NICs.

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PAYE and RTI

You are legally obliged to operate PAYE for any employee with an income above the lower earnings limit.

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Payroll

HMRC expect you to file pay information accurately and on time - and employees also won't be happy if they aren't paid correctly. Managing payroll.

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Personal tax planning and income tax

Income tax planning can make a significant difference to the tax you pay. You should take advantage of any opportunities to minimise your tax bill.

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Q&A: Mileage allowance tax rates

Tony Shanks of Tax Rebate Services provides useful advice on how to make sure you and your employees aren't missing out on mileage tax allowances.

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Self-employed National Insurance

If you are a sole trader or in a partnership, you are liable for flat rate Class 2 and profit-related Class 4 National Insurance (NI) contributions.

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Stamp duty

Stamp duty land tax is payable on property and land purchases above set SDLT thresholds and applies to both freehold and leasehold transactions.

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Tax and National Insurance

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

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Tax payment problems

If you have a tax problem, call HMRC. Whether you have a tax payment problem or not, it’s worth looking at ways to improve your cash flow management.

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Corporation tax reliefs and allowances

It's worth understanding the different ways in which the annual investment allowance, other capital allowances and allowable expenses are treated.

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Key dates for the tax year

Handy infographic featuring all the key dates you need to know for filing returns and paperwork with HM Revenue & Customs and Companies House

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Private residence relief

Private residence relief allows most homeowners to sell their homes without being liable for any capital gains tax on property profits.

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VAT returns

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.

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Key dates for the tax year 2017/18

It's vital to understand and meet deadlines for returning information to HMRC and Companies House each year. Our overview of the key forms and dates.

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Useful tax breaks for employers

Employers could be missing out if they don’t take advantage of key tax breaks. Find out if your small firm could benefit from tax reliefs.

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VAT accounting schemes

VAT accounting schemes can make your life easier, simplifying your VAT accounting and in some cases improve your cash flow.

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Tax calculators

The best calculators we've found online, many of which come from official sources such as HMRC and the Valuation Office and are continuously updated.

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VAT registration

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.

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VAT records

As well as ensuring you comply with your legal obligations, maintaining accurate, current VAT records makes it easy to get the VAT you paid back.

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A guide to tax penalties

Tax penalties can be incurred if you make careless errors, while deliberate tax evasion or fraud can be treated severely - so avoid penalties.

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Company cars and tax

Company cars can be a popular employee benefit - but employers need to be aware of the tax implications of different vehicles. Our guide.

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eBay and tax

It is possible to make quite a bit of money selling your old stuff on eBay or at a car boot sale. But where do HM Revenue and Customs draw the line?

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Employment Allowance

The Employment Allowance reduces the amount of employer’s NICs payable. Find out how it works, who qualifies and how to claim.

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Q&A: Tax for the self-employed

When you become self-employed you become responsible for your own tax and NI. You'll need to know what and how much tax to pay and when.

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Tax codes: the basics

Every worker has a tax code issued by HMRC. But what are they for and how do you know if yours is correct? We answer key questions about tax codes.

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What are the best ways to save tax?

Effective tax planning is the best way to reduce tax liabilities. That means planning in advance from business start up through to eventual exit.

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Construction Industry Scheme

The Construction Industry Scheme (CIS) affects businesses involved in construction and some businesses which spend large amounts on construction.

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Check your National Insurance record

Paying National Insurance contributions entitles you to certain state benefits such as a state pension. Check if you have enough years to qualify.

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Check your tax for a previous tax year

Do you know whether you paid the correct amount of tax last year? This Tool will check how much tax you should have paid and whether a rebate is due.

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Check your tax for this year

This Tool will help you estimate how much tax you will owe at the end of this tax year. You can also check your tax code and personal allowance.

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Claim a tax refund

If you think you paid too much tax in a previous tax year, use this HMRC tool to claim a tax rebate.

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Do you have a second income?

If you earn income from sources other than through your employer, you may be classed as being both employed and self employed.

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Find a lost National Insurance number

You should receive a National Insurance number when you reach 16. If you have lost or did not receive yours find out how you can track it down.

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Get ready for Making Tax Digital

Making Tax Digital will radically transform the way businesses report to HMRC. Rachel Miller finds out what's in store and how to plan ahead.

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HMRC company car tax calculator

When a company car or van or fuel for private use is made available to an employee, there is deemed to be a benefit in kind, ie you pay tax on it.

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HMRC Tax checker tool

You can visit the HMRC website to use a handy online tool to check whether employees have paid too much income tax under the PAYE scheme.

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Pay your VAT bill

Use this Tool to find out how you can pay any VAT owing to HM Revenue & Customs.

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Payslip checker tool

To ensure payslips show the right information, including tax and NI deductions, visit the UK Tax Calculators website to use an online payslip checker.

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Register as a sole trader

Sole traders must register with HM Revenue and Customs when they start trading. Use this Tool to register your new business with HMRC.

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Work out the correct rate of VAT

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.