Basildon For Business - HMRC "Get Your Tax Right", Business Start-up Guidance

HMRC 'Starting your own Business' e-Learning Tool

HM Revenue & Customs provides a FREE e-learning tool that advises on the tax and National Insurance issues involved in starting your own business.

The package can be completed in bite-size pieces and covers subjects including:

• Starting in business
• Registering your self employment
• What records should I keep?
• What can I claim against my income?
• VAT registration
• Becoming an employer

Incorporated into the package are learning checks and videos as well as links to further advice on YouTube and the GOV.UK website.

To start the e-Learning tool, see HMRC "Starting Your Own Business" e-Learning tool.

HMRC - Self-employed start-up guidance webinars

HMRC has produced a series of webinars designed especially for the newly self-employed.

Find out how to tell HMRC you are self-employed, what National Insurance you will have to pay, the importance and benefits to your business of good record keeping and how to budget for your first tax bill.

• See HMRC - Self-employed start-up guidance webinars.

Other useful HMRC links for business starters

• HMRC - Self Assessment Ready Reckoner - how much money to set aside for Tax/National Insurance
• HMRC - Downloadable phone apps for record keeping
• YouTube - HMRC Guides for Customers
• @HMRCcustomers

Further information and enquiries

• GOV.UK - HM Revenue & Customs
• Request a call back from Basildon Council's Economic Development Team
• Email the Economic Development Team
  Call on 01268 206750