Legally, your business is going to have to deal with HMRC. They’re known for handling taxes but they’ve got a lot of really useful information on the gov.uk website, including videos, webinars and newsletters. All in all, this makes it really easy to find out exactly what information you need to give them and also, to find out about the handy ways for you to get money back from the Government.
So, whether you’re setting up a business, changing the structure of your business, trying to make sure you pay only as much tax as you need to, or taking on staff, HMRC have the resources you need to do it all legally.
How HMRC can help your business
HMRC offer new or existing businesses a range of information relating to employing people, recording the information you will need to complete your tax returns, claim allowances, VAT and payments.
What do they offer?
- Fundamental tax advice, e.g. tax returns, allowances and tax codes
- Help and support with self-assessment and record keeping
- Information about national insurance contributions
- Advice on self-assessment and how you can pay any tax liability
- Fact-sheets about working for yourself
- Helpline and online presentations
- Advice on taking on staff
- Advice on if you need to register for VAT
My new business
For interactive help and advice from across government in one place specifically designed for small businesses go to the ‘Starting up a Business’ pages at https://www.gov.uk/starting-up-a-business
Tax help information
Working for yourself – what you need to know. https://www.gov.uk/working-for-yourself/overview
Expenses and allowances for the self-employed – what you need to know. https://www.gov.uk/expenses-if-youre-self-employed
Register your self-employment
Register for tax