We're here with practical information for your business. Learn about business planning, running a business and more.

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Thousands complete their tax returns at Christmas

2 January 2019

Thousands complete their tax returns at ChristmasMore than half of UK taxpayers have already filed their 2017/18 tax returns with less than a month to go before the 31 January 2019 deadline.

In total, more than 11.5 million 2017/18 tax returns are due and HMRC has said it expects the vast majority of taxpayers to complete their returns and pay any tax owed by the end of the month.

Around 52% of taxpayers have already filed their returns, as of 31 December 2018; more than five million have completed their returns online (88% of the total returns filed).

In addition, HMRC has revealed that 2,616 taxpayers filed their self-assessment returns on Christmas Day and 8,465 got their tax return out of the way on Boxing Day.

However, over five million UK taxpayers have yet to complete their self-assessment tax returns.

Mel Stride, financial secretary to the Treasury, said: "It is encouraging that around 52% of taxpayers have already completed their self-assessment tax returns. With less than one month to go before the deadline, there are still many people that need to act now."

Angela MacDonald, HMRC's director general for customer services, said: "The self-assessment deadline on 31 January is fast approaching but there is still time for customers to file their tax returns online and on time to avoid any unnecessary penalties."

For taxpayers who have yet to start their 2017/18 self-assessment, HMRC has produced a number of films and webinars that guide taxpayers through each stage of the process, with bespoke guidance for individual circumstances. Help is also available on the government website, from the self-assessment helpline on 0300 200 3310 and via social media.

If customers completed a self-assessment tax return last year but didn't have any tax to pay, they still need to complete a 2017/18 tax return, unless HMRC has written to them to say that it is not required.

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry