TAX HELP

HMRC has recently launched a quick bite-size video library to get the basics on tax from real small business owners. We definately recommend having a look if you are thinking about setting up in business or if you need a general overview on a particular subject.

HMRC video library

Welcome - setting up in business
Find out about the different types of business you can set up - a self employed stunts man and a mountain bike limited company explain more.Play video (Flash video) - Opens in a new window


Income Tax - for the self employed
What happens with income tax when you work for yourself? A self employed web designer goes through the basics.Play video (Flash video) - Opens in a new window


Corporation Tax
If you decide to set up a limited company you need to know about corporation tax. A hair extension business owner discusses the lengths she went to...Play video (Flash video) - Opens in a new window

Keeping Records
A performance artist tells us why keeping good records is key to being in control of your business.Play video (Flash video) - Opens in a new window

VAT
An intriguing company talks us through the basics of VAT.Play video (Flash video) - Opens in a new window


National Insurance
What do you do about national insurance if you work for yourself? A tattoo artist and a uniforms supplier explain it.Play video (Flash video) - Opens in a new window

Employing Other People
Want to grow your business and take on staff? A gardening business sums up what you need to know about the tax side of it.Play video (Flash video) - Opens in a new window

Importing and Exporting
Buying or selling products outside the European Union? A flower importer explains about import duty and VAT.Play video (Flash video) - Opens in a new window

Business Allowances
An introduction to deductions, reliefs and allowances that can help reduce how much tax you pay.Play video (Flash video) - Opens in a new window

Construction Industry Scheme
Find out what work falls under this scheme and the special tax rules and regulations for contractors and subcontractors.Play video (Flash video) - Opens in a new window