Business Information at your Fingertips

Please note, we are in the process of updating our factsheets. The factsheets currently available are for the 2009/2010 year.

Corporate and Business Tax

  1. IR35 Personal Service Companies

    The ‘IR35’ rules are designed to prevent the avoidance of tax and national insurance contributions (NICs) through the use of personal service companies and partnerships.

  2. Corporation Tax Self Assessment

    Corporation Tax Self Assessment (CTSA) was introduced in 1999. It completed the self assessment reforms introduced for individuals some years earlier by extending the principles of self assessment to company tax returns.

  3. Corporation Tax - Quarterly Instalment Payments

    Under corporation tax self assessment large companies are required to pay their corporation tax in four quarterly instalment payments. These payments are based on the company’s estimate of its current year tax liability. We highlight below the main areas to consider if your company is affected by the quarterly instalments system.

  4. Companies - Tax Saving Opportunities

    Due to the ever changing tax legislation and commercial factors affecting your company, it is advisable to carry out an annual review of your company's tax position. Pre-yearend tax planning is important as the current year's results can normally be predicted with some accuracy and time still exists to carry out any appropriate action. We outline below some of the areas where advance planning may produce tax savings.

  5. Incorporation

    This factsheet calculates the position for 2009/10 using the current rates of tax and NI. In addition we consider other relevant factors including potential disadvantages.

  6. Franchising

    Franchising is becoming increasingly popular in Britain with
    an annual turnover of around £9.5 billion. The business
    community now takes franchising very seriously and it is
    accepted across a range of sectors. The advantages of
    owning your own business are obvious but so too are the
    risks.

  7. Construction Industry Scheme

    The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’. They may be companies, partnerships or self employed individuals.

  8. Capital Allowances

    The cost of purchasing capital equipment in a business is not a revenue tax deductible expense. However tax relief is available on certain capital expenditure in the form of capital allowances. The allowances available depend on what you‟re claiming for. In this factsheet we give you an overview of the types of expenditure for which capital allowances are available and the amount of the allowances.

  9. Business Motoring - Tax Aspects

    This factsheet focuses on the current tax position of business motoring, a core consideration of many businesses. The aim is to provide a clear explanation of the tax deductions available on different types of vehicle expenditure in a variety of business scenarios.