VAT registration threshold
Vat registration and the VAT threshold for registering, plus details of VAT schemes that are available to small businesses.
UK income tax and allowances
Details of the UK tax bands and tax rates with a brief explanation of how marginal tax works. Plus find information about the personal tax allowances available to UK individuals.
Business structure
Starting a new business venture? Learn about the different business structure options available to self-employed individuals. The options are sole-trader/self-employed, working through a limited company, or as a partnership. See a comparison of the legal and administrative requirements of being self-employed versus having a limited company.
Tax for self-employed individuals and company directors
Learn about tax for self-employed individuals versus directors of limited companies. The tax situation differs for both and may have an impact on your choice of business structure.
Marginal corporation tax
UK Corporation tax has a system of marginal tax with three tax bands. Learn about the tax bands and marginal rate relief with the aid of tax illustrations.
Becoming an employer
Becoming an employer comes with various legal obligations, along with running a payroll and providing a workplace pension. Learn about registering with HMRC as an employer and your employer obligations.