Questions for Small Business

This page is intended to be an information resource for small businesses and their owners. The links below provide answers to frequently asked questions, access to technical briefings and useful web addresses. If you cannot find what you are looking for here please use the online advice page to email us your problem.

Tax issues for small businesses

Your business will be affected by a whole range of issues and your own tax position needs to be protected. Here are some of the most useful areas of the Inland Revenue website:

• What do I do when I go Self-employed?
• Which Tax Office deals with my Income Tax affairs?
• What are the current tax rates?
• What is IR35 about?
• What is Self Assessment?
• What are the important dates under Self Assessment?
• What is the Construction Industry Scheme?

VAT issues for small businesses

Most businesses are subject to the Value Added Tax legislation and the rules can be complex. Below are links to important areas of the Customs & Excise website:

• Should I Be Registered for VAT?
• What is Cash Accounting?
• Do I get penalised if my VAT return is wrong?

Other issues for small businesses

P>We are often asked very similar questions by our small business customers. Here are a selection of the more important ones linking to official guidance:

• What details need to go on our company letterhead?
• I am a company director, what are my responsibilities?
• What are the Working Time Regulations?
• What do I need to know about the National Minimum Wage?
• How does the Data Protection Act affect my business?