CT600 Corporation Tax Return

Self Assessment Tax Return Form And Capital Tax Allowances

The Corporation Tax Return consists of Form CT600 and the annual financial accounts and statements supporting the tax calculation.

Capital allowances section of the self assessment tax return form requires self employed understanding of the tax system applied to fixed assets

Top Self employed Tax questions

Self Employment Registration And Self Assessment Tax Return

Answers to frequency asked questions by self employed businesses regarding tax matters and which expenses are allowed for tax purposes and which are not.

Every business starting up in the UK must register with the Inland Revenue within three months and complete the self assessment tax return each year

Practical Self employed Tax Tips

Self Assessment Tax Return Income & Expenditure

A practical tax guide for the self employed to legally keep the tax liability to a minimum

Accounting records are required to complete the self assessment tax return with income and expenditure being entered against specific box number

Business Tax Reform Introduces Annual Investment Allowance

New UK Self Employed Tax Returns

Annual investment allowances are introduced to the UK tax system from April 2008 replacing the first year capital allowance and also heralding a reduced writing down allowance from 25% to 20%.

HMRC published new self employment tax returns in April 2008 to replace the previous self assessment tax returns for self employed business in the UK

Pay Less Tax By Claiming Mileage Allowance Expenses

Vat Schemes and Vat Thresholds

Mileage allowances are approved rates at which anyone using a private vehicle for business journeys can claim tax free expenses for that journey

Vat registration threshold limits, vat flat rate schemes, vat cash accounting schemes and vat annual accounting schemes

Employees Can Claim Tax Relief Using Their Vehicle For Work

Vat Registration And Accounting For Value Added Tax

Employees using their own vehicle for work and business journeys can claim tax free through mileage allowance tax relief for previous six years

This guide covers the vat registration, vat threshold limits and  accounting for value added tax and submitting the quarterly vat tax return online

Employee Or Self Employed Status Could Cost Thousands

Things You Need To Know Before The Vat Inspector Calls

An employer who has doubt over status of a worker being an employee or self employed may face potential serious penalties if the status is changed

Up to date accounting records are required by all vat registered businesses and may contain common errors and misunderstandings which can cost the business dearly.

Lower Tax Bills And Bookkeeping For Small Business

Tax investigations And The Tax Inspector

Retaining all receipts and updating the accounting records on a regular basis can seriously reduce the final tax bill

Tax investigations reveal the inadequacies of small business accounting, lack of tax rules knowledge and professionalism by the tax inspector often resulting in a higher tax bill

Reduce UK Tax Bills Claiming Business Expenses

What Business Expenses Are Disallowed

Small businesses may fail to reduce UK tax bill by not claiming business expenses due to uncertainty over what constitutes a valid business expense

Tax bill problems can be avoided by understanding which business expenses are allowed for tax purposes and which are not allowed

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