The VAT flat rate scheme is a simplified scheme that can save work. Instead of working out the VAT that you need to pay over to HMRC by deducting input VAT from output VAT, you pay a fixed percentage of your VAT-inclusive turnover. The percentage depends on the nature of your business.

The corporation tax self-assessment return (CTSA) must be submitted to HMRC along with the accounts and tax computations, although it is possible to file all this information online through the HMRC website.

This helpsheet provides you with an overview of the information to provide to us to enable completion of your end of year accounts.

Whilst shareholders are the owners of limited companies the job of running them rests with the directors and they must do so for the benefit of the shareholders whilst ensuring compliance with the law.

This is a similar scheme as EIS, but is aimed at smaller companies. The scheme is available from 6 April 2012.

Special tax rules apply to the construction industry and workers which are detailed in The Construction Industry Scheme (CIS).

This article gives you an outline of the different business structures you can trade through. Your business format is not set in stone forever and you can change between them.

The Enterprise Investment Scheme provides for some significant income tax and capital gains tax reliefs for individual investors in unquoted trading companies.

This helpsheet gives you an outline of what it means to work for yourself as a self-employed person. There are a number of advantages of being self-employed, but you must also comply with various regulations including the tax law.

The tax treatment of travel and subsistence expenses can be surprisingly complicated. The starting point is that employees are entitled to tax free payments for a business journey. The employer can either pay the employee tax free for the cost incurred or the employee can claim for tax relief on any shortfall through their tax return.