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Start Your Own Business course with

Tax Man


If there is one subject that instills fear into the prospective self employed - it's tax. Many students have said they have an enormous fear of doing something wrong - and having 'the system' fall on them. It should not be frightening. The system is not complex. As long as you know how the Income Tax system works, and what you have to do, it shouldn`t prove too difficult. The Income Tax system is explained, as well as how you register as self employed.

We'll briefly (there isn't much to know) cover National Insurance.

VAT is also covered. Most of us are only aware of VAT when we buy something. As a VAT registered business, this tax takes on a whole new meaning. It is absolutely essential that you know the rules, even if you don't register for VAT. We'll discuss when and how you register. We'll also discuss why you might want to register - even if you don't have to. Have a look at the Research page on this web site - and click on the tax web links.



© Andrew Gadd
Created: February 2007
revised October 2010

Grateful thanks to Chris for
proof reading & Petra for too many suggestions to count ...

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