This is a beginner’s guide to self-assessment, designed to help sole traders who are just starting out or performing a tax return for the first time.

Oct 31, 2024 · Asif Alidina, co-founder and CEO of Inntelo AI, said: “This was a disappointing Budget for the hospitality sector.After years of hardship, this was not the time to reduce critical support, leaving businesses grappling with higher staffing costs …

Jan 2, 2025 · According to the Centre of Business Economics and Research, businesses in the experience economy contribute an estimated £134 billion to the wider UK economy. This expected to grow by an average of 2.6 per cent between now and 2027.

What are business rates? Business rates are one of the UK’s oldest taxes; its origins can be traced back to the Poor Law of 1601. Business rates can be roughly defined as the tax paid for the occupation of a non-domestic property.

As well as the exciting stuff like naming your business and finding new customers, you also need to make sure you stay on the right side of the taxman and the law, and part of this is picking the right structure for your new business.

IPSE’s director of policy, Andy Chamberlain, told Small Business: “If you operate as a sole trader, it’s a bit more straightforward than a limited company.You work and get paid as an individual – which is the way most freelancers work. You still have to pay tax on your profits but there are fewer compliance burdens than those that work via a limited company.

Aug 4, 2022 · When SSP becomes payable on the fourth day, your employee can receive up to £99.35 per week for up to 28 weeks, which should be paid on the same schedule as their wages, and with income tax and National Insurance deducted if applicable.

Providing mileage allowance for employees who drive for work has become more popular in recent years. But with HMRC’s many rules, it can be confusing for employers and employees alike how this process works.

Jun 17, 2024 · Name: Current rate: Description and examples: Standard: 20%: The standard rate of VAT is the default rate - this is the rate that's charged on most goods and services in the UK unless they're specifically identified as being reduced or zero-rated.

Business grants England 25. Mobile Boost Scheme. Connecting Devon and Somerset’s (CDS) Mobile Boost Scheme, has been designed to help small businesses and households who currently have adequate outdoor but poor indoor mobile coverage. The initiative aims to improve the quality of mobile phone calls and connectivity.