Sole trader tax: What tax do businesses pay
Here's how much you can earn before tax when self-employed...…
Tax
For extensive small business tax advice, the articles in this section are an essential read. From which records to keep, VAT registration, tax year dates and tax obligations, this section has all the answers to your business tax questions.
What is VAT and how does it affect my small business?
A beginner's guide to value added tax (VAT), when to register, the rates, output and input tax, deregistration, and the Cash Accounting Scheme…
How to defer your VAT
The taxman is being kind, and struggling businesses can easily defer payments…
Tax for taxi drivers explained – the in-depth guide
As a taxi driver, tax can be tricky. Our in-depth guide will explain how much income tax you should pay, how road tax works for taxi drivers, and how you pay tax as a taxi driver.…
What is IR35 and off-payroll and how do they affect my business?
Changes to IR35 anti-tax avoidance legislation are set to have a major impact on contractors and their clients. Find out how you could be affected and what you should do to prepare…
What is income tax?
Whether you’re self-employed or running a company, you’ll need to know about income tax. Click here to learn what it is, and how to pay it…
What is corporation tax?
Do you run a company? Then you’ll need to know about corporation tax. Click here for the lowdown on what it is, how to pay it, and what happens when you don’t settle up…
A quick guide to property development tax
Feeling clueless about capital gains? Has stamp duty left you stumped? Find out how taxes might affect your property development plans here…
Making Tax Digital for VAT: what your business needs to know
Find out how HMRC is making it easier to keep your tax affairs in order, and understand your obligations to Making Tax Digital…
Self-employed expenses: exactly what allowable expenses do you get?
From household bills to travel, find out what business expenses you can claim…
How to register for VAT
A step-by-step guide to the VAT registration process, from creating an account with HMRC online to reclaiming VAT on historic goods and services…
What is the VAT threshold and when do you need to register for VAT?
A small business guide to valued added tax (VAT), voluntary and compulsory VAT registration, the VAT threshold and the different rates to be aware of…
Capital Gains Tax explained
Our guide to help you understand and calculate Capital Gains Tax…
Are under-16s required to pay tax?
I’m under 16 and have started my own online business venture. I’ve tried to register as self-employed but you need a NI number to do that. I’m a bit unsure of my tax liabilities and don’t want to get caught out. Do I even have to pay any tax or national insurance on my profits, or can I keep 100% of my earnings until I’m 16?…
R&D tax credits explained
Find out how your firm could benefit from the government's research and development tax breaks…
How is tax applied to bartering?
What the tax implications are when it comes to bartering your services…
How do you do a tax return?
If you're self-employed, here's a step-by-step guide on how to complete your annual tax return…