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Introduction to the tax system

An overview of how the tax system operates, including self assessment, corporation tax, inheritance tax and the taxation of earnings from self employment.

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The tax system for the self employed business owner

If you start working for yourself, you must register with HMRC within the first three full months of self employment in order to avoid a penalty for failure notification.
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The tax system for partnerships

If you form a partnership, you must register it separately with HMRC even if the partners have previously been self employed. If the partners are new to business, they must also register individually. Partnerships are registered with a dedicated HMRC partnership team, based at Longbenton near Newcastle.
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The tax system for companies

This looks at how your taxable profits are calculated and when corporation tax is payable.
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An introduction to VAT

Detailed guidance on the operation of VAT, VAT schemes and essential VAT information.
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PAYE and NI

Real Time Information is now in operation. But why pay more tax and NI contributions than you need to?
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An introduction to IR35

For many years, people leaving jobs to become self-employed were advised to instead set up one man companies to provide their services; offering the security of a limited liability company and significant national insurance savings. We offer a brief introduction into IR35.
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In the construction industry

There are special tax rules affecting the construction industry, which are designed to ensure that tax is paid by workers in the sector whether they are employed or self employed.
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Vehicle mileage rates for the self employed

The use of mileage rates is an optional alternative to keeping detailed records of actual expenditure.
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An introduction to tax planning

Tax planning is the legal process of arranging your affairs to minimise a tax liability. Tax planning is a core component of our services.
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Claiming tax deductible expenses when employed

Very few expenses are tax-deductible from earnings from employment, though a number of settled tax cases have confirmed that the scope is wider than previously thought.
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An introduction to self assessment

It is a fundamental part of the self assessment system that responsibility lies with you, the taxpayer, to file tax returns and pay the correct amount of tax, and before the payment deadline - you must not wait for HMRC to ask.
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Inheritance tax planning

Planning to minimise the liability to IHT is a team effort involving you and your professional adviser. A look here at a range of your tax saving planning options.
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Domicile

Domicile is the country you regard as your natural home. You can only have one domicile at any time. Your domicile can be of origin, choice or dependency. The most common type is domicile of origin.
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Residence

Residence is determined by a number of factors including how many days you spend in the UK , where you work and where you have homes. A person may be resident for tax purposes in more than one country in which case their status may be determined by tax treaties between the two countries.
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Child Tax Credit and Working Tax Credit

These tax credits replaced Working Families' Tax Credit, Disabled Person's Tax Credit and Children's Tax Credit and the child-related elements of Income Support and Jobseeker's Allowance. These are likely to operate until 2017 for existing claimants.
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Tax and the company car

The tax liability on company cars continues to increase. We look at in depth at the tax cost of your company vehicle.
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Stamp taxes

Details of the rates and types of stamp taxes.
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Key dates and deadlines

This is a summary of the key filing and payment dates.
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