How to work out tax and NI

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.

A man files his tax return
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Essential guide to 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.

Business person performing VAT calculations
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Essential guide to 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.

National Insurance contributions
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Essential guide to National Insurance

National Insurance overview for employers to help minimise National Insurance Contributions (NICs) and understand National Insurance rates and allowances.

A calculators spells out VAT
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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.

Corner of a calculator on top of numerical report
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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.

A long till receipt in curled up on a desk
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Q&A: VAT registration

Do you need to register your business for VAT and how do you register for VAT? Kate Fisher of CJ Fisher & Co answers your questions about VAT registration.

women using calculator to calculate.
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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.