Introduction to the tax system

This section contains a set of useful introductory guides designed to help you with your tax planning. For advice on procedures such as filing your tax returns, or a list of those all-important tax rates and deadlines, visit the guides of your choice.

An overview of the tax system including self assessment and the taxation of earnings from self employment.

The tax system for the self employed

If you start working for yourself, you must register with HM Revenue & Customs within the first three full months of self employment.

The tax system for partnerships

If you form a partnership to carry on a business, you must register it separately with HM Revenue & Customs even if the partners have previously been self employed. If the partners are new to business, they must also register individually. Partnerships are registered with a special HM Revenue & Customs partnership team, based at Longbenton near Newcastle.

The tax system for companies

Details of corporation tax and company tax returns.

An introduction to VAT

Detailed guidance on understanding VAT.

PAYE and NI

Why pay more tax and NI contributions than you need to? We can help you to minimise your liabilities, while ensuring that you comply with your obligations. Just view our PAYE and NI guides to find out more.

An introduction to IR35

For many years, people leaving jobs to become self-employed were advised to instead set up one man companies to provide their services; offering the security of a limited liability company and significant national insurance savings. We offer a brief introduction into IR35.

Going into the construction industry

There are special tax rules affecting the construction industry, which are designed to ensure that tax is paid by workers in the sector whether they are employed or self employed.

Use of vehicle mileage rates for the self employed

The use of mileage rates is an optional alternative to keeping detailed records of actual expenditure. For either method, journeys must be made wholly and exclusively for business purposes.

An introduction to tax planning

Tax planning is the legal process of arranging your affairs to minimise a tax liability, and with more than 200 such provisions specifically written into tax law, there are many aspects to think about.

Claiming tax deductible expenses when employed

Very few expenses are tax-deductible from earnings from employment, though a number of settled tax cases have confirmed that the scope is wider than previously thought.

An introduction to self assessment

It is a fundamental part of the self assessment system that responsibility lies with you, the taxpayer, to file Tax Returns and pay the right amount of tax, at the right time - you must not wait for the HM Revenue & Customs to ask.

Inheritance tax planning

Planning to minimise the liability to IHT is a team effort involving you and your professional adviser. To enable long-term objectives to be set, it is necessary to make decisions about your finances and your family.

Domicile

All you need to know about residence and the non domicile charge.

Child Tax Credit and Working Tax Credit

These tax credits replaced Working Families' Tax Credit, Disabled Person's Tax Credit and Children's Tax Credit and the child-related elements of Income Support and Jobseeker's Allowance. These run until 2014 for existing claimants.

Tax and the company car

Details of how the tax system works with company cars.

Stamp taxes

Details of the rates and types of stamp taxes.

Key dates and deadlines

This is a summary of the key filing and payment dates.