Business structures

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. Registration for both partnerships and individual partners is now done online through the HMRC website.

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Interest and tax payments

HMRC charge interest on underpayments of tax, and pays interest (repayment supplement) on overpayments.

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Benefits in kind and expenses payments

Benefits in kind are assessed on all directors and employees and now be 'payrolled'.

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Main capital allowances

A summary of the main allowances available. The 100% annual investment allowance on plant and equipment is £200,000.

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Tax and the company car

Details of how the tax system charges tax on a company car.

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You want to start a business because you are an entrepreneur with a great idea and the vision to realise it.

And we're here to help you do just that.

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It is often said that, "Failing to plan is planning to fail."

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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. Registration for both partnerships and individual partners is now done online.

Read more »

Claiming expenses

The rules that determine what expenses can be deducted from profit for tax purposes are essentially the same whether you operate as a limited company, sole trader or partnership.

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Tax and the company car pt 2

Use our calculator to check your car benefit, and see details of car related tax free benefits.

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