We offer a broad range of services for business owners, executives and independent professionals. Vouchers are replaced by a monthly return which only contractors need to complete. A limited company is the only kind of business that pays its own tax.
If you’re a sole trader, you’re in luck because you only have to do one tax return a year. One classic example of this is if you entertain anyone other than employees of your business. Always download and read the instructions before you populate your data into the spreadsheet. At present these returns can be submitted both manually and online.
Many businesses will be concerned and need time to assess the implications. The urgent priority now is to reassure the markets. The choices we make over the coming months will affect generations to come. This last measure is an attempt to prevent the creation of lists of vulnerable people, which are sold between criminals. There is a set process for correcting or changing returns.
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As an employer, your payroll tax liability may be affected depending on whether a worker is a contractor or an employee. Once all the boxes have been completed and you are sure that the figures you have entered are correct, all that is left to do is to submit your return.