Taxes Management Act 1970
What this means for your business
- Applies to
- United Kingdom
- On this page
- 44 practical guides across 4 topics
Practical guidance
Our guides explain how to comply with the requirements above.
Tax & Finance 31
Register as self-employed with HMRC
How to register for Self Assessment as a sole trader, get your Unique Taxpayer Reference (UTR), and understand …
Set up as a sole trader
How to register as self-employed and start trading as a sole trader.
Corporation Tax basics
Understanding and paying Corporation Tax.
File your Company Tax Return (CT600)
How to file your Company Tax Return (CT600) including deadlines, payment requirements, iXBRL tagging, and quarterly instalment rules …
Corporation tax loss relief
How to use trading losses to reduce your company's corporation tax bill. Covers carry-back, carry-forward, group relief, terminal …
Pay National Insurance when self-employed
How to pay Class 2 and Class 4 National Insurance contributions when you're self-employed. Covers current rates, thresholds, …
Prepare for Making Tax Digital
How to get ready for Making Tax Digital for Income Tax, including when you must join, what software …
Understanding HMRC enquiries
What happens during an HMRC enquiry and how to respond. Covers types of enquiries, time limits, discovery assessments, …
Register for Self Assessment
When and how to register for Self Assessment tax.
Filing your Self Assessment tax return
Who must file a Self Assessment return, how to complete and submit it, what expenses you can claim, …
Claim business expenses as a sole trader
How to claim allowable expenses to reduce your tax bill, including simplified expenses options for vehicles, working from …
How taxes work for limited companies
Understanding Corporation Tax, VAT, PAYE, and Self Assessment - how they interconnect and your obligations to Companies House …
File your Self Assessment tax return
Step-by-step guidance for sole traders on completing and submitting your Self Assessment tax return to HMRC, including key …
Get your Unique Taxpayer Reference (UTR)
How to get a UTR number for Self Assessment. Covers registration for sole traders and partnerships, delivery timelines, …
Use the trading allowance
When to use the £1,000 trading allowance versus claiming actual expenses. Includes eligibility rules, relief types, and the …
Keep business records as a sole trader
What records you must keep as a sole trader, how long to retain them, and how to prepare …
PAYE year-end tasks
What employers must do at the end of the tax year for PAYE compliance.
Prepare for an HMRC PAYE compliance check
What to expect and how to prepare when HMRC reviews your PAYE records.
Report expenses and benefits (P11D)
How to report taxable benefits in kind to HMRC, including company cars, medical insurance, loans, and share schemes. …
Organising your business finances
Essential financial management practices - bank accounts, bookkeeping, and record keeping.
Go full-time with your business
Practical guidance for transitioning from employment to full-time self-employment. Covers financial preparation, legal obligations, tax registration, replacing employer …
Close your PAYE scheme
How to permanently close your PAYE scheme with HMRC, including final FPS submission, issuing P45s to all employees, …
File your final Self Assessment return
How to file your final Self Assessment tax return when you stop being self-employed. Covers deadlines, tax calculations, …
Understand Self Assessment supplementary pages
Reference guide to all SA100 supplementary pages. Find out which pages you need to complete, what each one …
Correct your Self Assessment return
How to amend your Self Assessment return within the 12-month window, claim overpayments after the window closes, and …
Report capital gains on your Self Assessment
How to report capital gains using SA108, including the annual exempt amount, CGT rates, the 60-day residential property …
Pay your Self Assessment tax bill
How to pay your Self Assessment tax bill, including payment methods, payments on account, Budget Payment Plan, and …
Report property income on your Self Assessment
How to report rental income on your Self Assessment using SA105 - allowable expenses, mortgage interest restriction, property …
Avoid Self Assessment penalties
Complete guide to Self Assessment penalties - how late filing charges escalate from a £100 fixed penalty to …
Corporation Tax annual compliance checklist
Year-end checklist to verify your Corporation Tax compliance is complete.
Handle an HMRC Self Assessment enquiry
What happens when HMRC opens an enquiry into your Self Assessment return, what triggers one, your rights, how …
Business Structure 8
Choose a partnership structure
Compare general partnership, limited partnership (LP), and limited liability partnership (LLP) to find the right structure for your …
Dissolve a business partnership
How to wind up a general partnership, settle debts, notify HMRC, and fulfil your final tax obligations when …
Register a business partnership
How to register a partnership with HMRC for Self Assessment, including nominated partner responsibilities and individual partner registration.
Change from sole trader to limited company
How to incorporate your sole trader business as a limited company. Covers the incorporation process, transferring assets, tax …
Sole trader or limited company
Compare the two most common business structures and choose what's right for you.
How partners pay tax on profits
Understanding how partnership profits are taxed on individual partners, including profit allocation, National Insurance contributions, and Self Assessment …
File partnership tax returns (SA800)
How to file the SA800 partnership tax return and individual partner returns. Covers registration, deadlines, supplementary forms, and …
Stop being self-employed
How to close your sole trader business, notify HMRC, and complete your final Self Assessment tax return. Includes …
Sector-Specific 4
Set up equestrian or livery services on your farm
How to comply with VAT, licensing, and insurance requirements when offering livery, riding lessons, or equestrian facilities. Covers …
Food Safety for Childcare Providers
Food safety and nutrition requirements for childcare settings, including food business registration, allergen management, HACCP systems, and Ofsted …
Comply with farming environmental regulations
How to comply with environmental regulations for fertiliser storage and application, pesticide use, cross-compliance standards, and nutrient management …
Set up and run a compliant farm shop
How to register, comply with food safety, and handle VAT when selling produce directly from your farm. Covers …
Legislative context
- SI The Judicial Committee (Appellate Jurisdiction) Rules (Amendment) Order 2013 (2013)
- SI The Judicial Committee (Appellate Jurisdiction) Rules Order 2009 (2009)
- SI The Judicial Committee (Appellate Jurisdiction) Rules Order 2024 (2024)
- SI The Judicial Committee (General Appellate Jurisdiction) Rules (Amendment) Order 2003 (2003)
- SI The Judicial Committee (General Appellate Jurisdiction) Rules (Amendment) Order 2005 (2005)
- SI The Judicial Committee (General Appellate Jurisdiction) Rules (Amendment) Order 2008 (2008)
Official guidance
Authoritative sources from regulators explaining this legislation.
- Stop being self-employed Detailed Guidance
- Scottish income tax rates (gov.scot) Detailed Guidance