Which business taxes you\u2019ll need to pay as a small business will depend on the structure you\u2019ve chosen \u2013 either a sole trader (self-employed), limited company, or partnership, plus how well it\u2019s performing and how you pay yourself as the owner. <\/p>\n\n\n\n
In this piece we\u2019ll cover the key details of the main types of business tax you might have to pay, plus when you need to pay them and how best to do so.<\/p>\n\n\n\n
The main taxes small businesses might have to pay are: <\/p>\n\n\n\n
We also look at: <\/p>\n\n\n\n
Sole trader taxes<\/strong><\/p>\n\n\n\n Income tax\u00a0 Limited company taxes<\/strong><\/p>\n\n\n\n Corporation tax<\/strong><\/p>\n<\/div>\n\n\n\n Company director taxes<\/strong><\/p>\n\n\n\n Income tax Make sure you keep a note of key tax year dates<\/a> so you don’t miss important deadlines. <\/p>\n\n\n\n Want to make sure your next tax bill doesn’t come with a shock? This quick video includes three tips on how you can properly prepare for your next tax bill.<\/p>\n\n\n\n
<\/strong>
National Insurance contributions<\/strong>
(Class 4 and Class 2 voluntarily)
Capital gains tax
<\/strong>(if selling
business assets)<\/p>\n<\/div>\n\n\n\n
<\/strong>
National Insurance contributions<\/strong>
(Class 1)
Capital gains tax
<\/strong>(if selling
business assets)
Dividend tax
<\/strong>(if paying yourself in dividends)<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n