HM Revenue & Customs has announced a series of online guides and videos providing tax information to small and medium-sized businesses. The 10 videos, fronted by TV presenter Dan Snow, provide an overview of tax issues, including setting up in business, income tax for the self-employed, corporation tax and VAT.
Snow said the information had been broken down into “small video chunks, so that people can access exactly what they need to know. Hopefully this makes the new videos really useful for people and businesses.”
In addition, HMRC is also following three people as they set up in business in a new video diary series called ‘The Start-up Diaries’. It will follow three people – Ruth, Nick and Hannah – as they explain, in their own words, what it’s like to go it alone. An introduction to the series, plus episode one of the diaries, is also available.
A new, free guide for new and small businesses has also been launched alongside the videos, entitled ‘Giving your business the best start with tax’.
HMRC estimates there are more than 750,000 SMEs in the capital.
More information: www.businesslink.gov.uk/taxhelp