Throughout your business life you will need to pay tax. What tax you pay will differ depending on the type of business you start, whether you employ staff or need to register for VAT.

The best source of information relating to tax is available direct from HM Revenue& Customs. They have HM Revenue & Customs Advice Teams on hand to help you understand your tax responsibilities, and give you the confidence to get it right, first time.

You can also attend HMRC workshops tailored for those new to self-employment. In these workshops you can learn more about:

• Becoming self-employed
• Tax.
• National Insurance.
• VAT
• Record keeping.
• When to pay.
• How to complete your Self Assessment tax return
• When to send in your tax return
• How and when to pay your tax.

EXTRA RESOURCES AVAILABLE:

Business Link: Find out what TAX you will have to pay
Hull City Council: Business Rates
Business Link: Importing & Exporting