Tax & Vat

Articles, news and advice on Tax & VAT issues for UK small businesses.

Tax

Government must be cautious when considering self-employed tax changes

The government is being urged to seriously consider the impact that tax changes could have on the self employed in this years Spring Budget.

Tax

Study highlights SME distaste of long tax return processes

Nearly half of the UK's self-employed are currently rushing to submit their tax returns before the Jan 31st deadline.

Tax

Digital tax for small businesses

In this piece in association with KashFlow, we look at the upcoming digital tax regime and how it will affect small companies.

News

Businesses held back by tax and regulatory changes

Almost two thirds of businesses claim that the lack of skilled workers available and constant alterations to tax and regulatory requirements are adding significant pressures to their business.

Accounting

How small businesses should deal with a HMRC investigation

In this piece, in association with the Federation of Small Businesses, accountancy experts discuss how your small company should prepare for a tax enquiry.

Tax

Small businesses unaware of potential tax relief

Small business owners could be losing out on vital income because they are not fully aware of business tax reliefs and the potential government allowances available for them to claim, according to a study.

Tax

What small businesses need to know about dividend tax changes

The government is making changes to the way in which dividends are taxed. Here, the Institute of Chartered Accountants in England and Wales (ICAEW) advises small businesses on what needs to be done.

Tax

Small companies losing out on millions in tax relief

UK freelancers and micro-businesses are missing out on millions of pounds worth of tax relief from unclaimed expenses they deem too small or time consuming to put in their accounts, research finds.

Accounting

Help and support from HMRC for new businesses

Starting a new business can be a very challenging time, but HMRC can help you out. Here's how.

Accounting

Small businesses to benefit from HMRC digital reforms

Here, Ed Molyneux explores the changes to the tax process that will commence on April 6th.

News

Budget 2016: Small businesses call for flat rate of tax

The majority of small and medium-sized enterprises (SMEs) want the Chancellor to reduce the complexity of the tax system and introduce a flat rate of tax in the upcoming Budget.

Tax

Businesses urged to pay VAT on time

Tax expert RSM is advising businesses to pay their VAT on time after a tax tribunal ruled that a six figure fine imposed for missing a VAT payment by one day was 'proportionate'.