Tax and National Insurance

Most businesses will have no choice but to register for VAT once their sales reach the VAT registration threshold. Failing to meet deadlines will also cause problems.

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Tax and National Insurance - overview

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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How to work out tax and NI - overview

Small-business owners are not expected to be experts on tax and NI, but ignorance is no defence. Here are some of the key rates and facts you need.

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Business tax

It helps to understand the taxes likely to affect your business, and have systems to help you comply with your obligations. Read our tax overview.

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Choose and use accountants and lawyers

Accountants and lawyers are vital advisers who could save your business a fortune - and rescue you from potential hot water with their expert advice.

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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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Q&A: Producing invoices

If you've never produced an invoice before, how do you know what to include? Chartered accountant Elaine Clark answers key questions about invoices.

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Setting up your payroll - checklist

If you take on employees, you will need to set up a payroll system to make sure you're fulfilling your legal obligations. Here's where to start.

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VAT

Once your sales reach the annual threshold, you must register for VAT. Our guide to when and how to register, and what you need to do once you have.

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Q&A: PAYE

If you have employees, you must operate a PAYE scheme. Chartered accountant Howard Hackney provides need-to-know answers to questions about PAYE.

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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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Q&A: Tax returns

Chartered certified accountant Raphael Coman of Coman & Co answers some key questions about tax returns, including important deadlines.

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Q&A: VAT registration

Kate Fisher explains the circumstances under which your business should be VAT registered, when you have to register and when you might choose to.

Browse topics: Tax and National Insurance