HMRC Guides
The HMRC website is so packed full of useful information that it’s often hard to find what you are looking for. Shown below are the guides and resources that we think are most relevant to small business owners.
Self Assessment: guide to keeping records
Advice on what records you need to keep for tax purposes and how long you need to keep them.
The National Minimum Wage in 2022
Advice on what records you need to keep for tax purposes and how long you need to keep them.
Who must send a tax return
VAT
If your turnover is 85k or more in any concurrent 12 month period, you should be registered for VAT. This link is the HMRC guide to VAT and how to ensure your records are kept correctly.
