Corporation Tax

BIZORB'S PICK Business Tax: A beginner’s guide

Business Tax: A beginner’s guide

Business Tax: A beginner’s guide 4.00/5 (80.00%) 2 votes
Saturday 4th November 2017

Understanding the basics of UK Business Tax is a must for anyone starting out on their own – whether you are doing some self-employed freelance work, setting up as sole trader or registering a limited company. This guide will help ... Read More »

If You Can’t Pay Your Tax Bill On Time

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Saturday 4th November 2017
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Overview If you can’t pay all your tax on time, contact HM Revenue & Customs (HMRC) as soon as possible. You may be able to either: Get more time to pay Pay your bill in instalments If you don’t contact HMRC, you’ll get charged penalties and interest, making your tax bill bigger Your payment isn’t ... Read More »

Accounts And Tax Returns For Private Limited Companies

Accounts And Tax Returns For Private Limited Companies 5.00/5 (100.00%) 1 vote
Saturday 4th November 2017
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Overview At the end of its financial year, your limited company must prepare full (‘statutory’) annual accounts. You then use this information to: Send accounts to Companies House Send a Company Tax Return to HM Revenue & Customs (HMRC) Pay Corporation Tax – or tell HMRC that your limited company doesn’t owe any Action Deadline ... Read More »

Running A Limited Company

Running A Limited Company 5.00/5 (100.00%) 1 vote
Saturday 4th November 2017
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Directors’ responsibilities As a director of a limited company, the law says you must: Try to make the company a success, using your skills, experience and judgment Follow the company’s rules, shown in its articles of association Make decisions for the benefit of the company, not yourself Tell other shareholders if you might personally benefit ... Read More »

Tax Tribunal

Tax Tribunal 4.00/5 (80.00%) 1 vote
Saturday 4th November 2017
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Overview You can appeal to the tax tribunal if you disagree with a tax decision by HM Revenue & Customs (HMRC), eg a tax assessment or penalty. This can also be done by someone who deals with your taxes, eg an accountant. The tax tribunal is independent of HMRC and will listen to both sides ... Read More »

Claim A Tax Refund

Claim A Tax Refund 3.00/5 (60.00%) 1 vote
Saturday 4th November 2017
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Overview If you think you’ve paid too much tax, how you claim a refund depends on your circumstances. Sometimes HM Revenue & Customs will send you a refund straight away. But if you’ve overpaid tax and started a new job, they’ll usually ask your employer to pay it back to you. If you’ve paid too ... Read More »