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We're here with practical tax information for your business. Find out about business taxes, tax planning and more.

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We've scoured the web to get you the most up-to-date advice which includes the most useful tools on offer from the officials themselves.

Effective tax planning is essential if you are to minimise your tax bills. Simple tax planning can significantly reduce your tax liabilities.

The self-assessment tax return is an unavoidable burden if you are liable for self-employed tax or have complicated income tax affairs.

Corporation tax is charged on a company's profits. If you trade as a limited company, ensure that paying this tax is as painless as possible.

National Insurance Contributions (NICs) are payable whether you are self-employed or employed by your own company, although different rates apply.

As well as your legal obligations, you’ll want to ensure that payroll is painless and that you use any opportunities to improve your tax-efficiency.

VAT

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

Capital gains are made when you sell something for more money than you paid for it. As a result, you can be subject to tax. Take professional advice.

Business property taxes apply to businesses with commercial premises.There are two commercial property taxes: business rates and stamp duty land tax.

If you have tax problems or face a tax investigation, it pays to seek professional advice and you must act rather than just hoping for the best.

Find a lost National Insurance number

If you live in the UK, you should automatically get a National Insurance (NI) number just before your 16th birthday.

HM Revenue & Customs no longer issues plastic NI cards. If you have lost or forgotten your NI number, you can find it on your payslip, P60, or any letters sent to you by HMRC relating to tax, pensions and benefits. You can also view it on your personal tax account if you've registered for one.

If you cannot register for a personal tax account and you still can't find your NI number, you can:

  • fill in and return form CA5403 to HMRC together with 2 identification documents.
  • phone the National Insurance numbers helpline on 0300 200 3500.

HMRC will not provide your National Insurance number over the phone – it will be posted to you.

If you didn't get an NI number when you turned 16, you can also phone the National Insurance numbers helpline on 0300 200 3500.

If you're over 20 and you haven't got a NI number, you need to apply for a National Insurance number by calling the National Insurance number application line on 0800 141 2075.

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