Business start-ups can take part in four free live tax webinars run by HM Revenue and Customs (HMRC) on 7 December as part of Small Business Saturday.
The day has been set up as a chance for small businesses to promote themselves and generate trade.
HMRC Start-up Saturday webinar programme, between 10am and 5pm, is aimed at new and prospective businesses. Each live webinar lasts an hour and gives the opportunity for questions.
There are 4.8 million small businesses in the UK and more than 14 million people work in them.
The HMRC webinars are:
Self-Employment and HMRC – what you need to know
10am to 11am Saturday 7 December
This session concentrates on the information sole traders or partnerships need when they start. It covers registration, National Insurance, Self Assessment and record keeping.
Company Directors – your responsibilities to HMRC
12pm to 1pm Saturday 7 December
This webinar is aimed at businesses considering setting up as limited companies. It provides the basics on incorporation and registration with Companies House and HMRC. It also looks at when companies become an employer, and the timetable for paying Corporation Tax online.
Business expenses for the self-employed
2pm to 3pm Saturday 7 December
Sole traders or partnerships need to know which day-to-day expenses they are able to claim for tax relief. They also need to start keeping records of these as soon as the business starts. This webinar provides an overview of the most common expenses, including motoring costs.
4pm to 5pm Saturday 7 December
New businesses are often worried about VAT, what it is and when they need to register. This webinar answers these questions and explains in simple terms how VAT works.
Notes for editors
More information about Small Business Saturday:
Keep in touch with HMRC support at Twitter @HMRC business
Issued by HM Revenue & Customs Press Office
HM Revenue & Customs (HMRC) is the UK’s tax authority.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.