Brief Outline of Business Taxes
The links below will take you to our webpages:
Sole Trader
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Self Assessment for taxing the business profits.
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PAYE for any employees. The business owner is not an employee.
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Class 2 National Insurance
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Class 4 National Insurance
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CIS Construction Industry Scheme.
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VAT Value Added Tax
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Cash Accounting Basis
Limited Company
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Corporation Tax for taxing the business profits.
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PAYE for Directors and employees. Shareholders are not employees.
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CIS Construction Industry Scheme.
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VAT Value Added Tax
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VAT Flat Rate Scheme worth considering
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IR35 for independent contractors
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P11D Benefits in Kind