Collection

Help setting up and running a small business

Guidance and tax advice for businesses, sole traders and limited companies, including how to set up, your responsibilities and how to get help with your taxes.

• From: HM Revenue & Customs
• Published: 6 June 2025

Getting set up

There are several ways to set up a small business. How you do this will affect how you run the business and how you pay tax.

These guides will explain:

• the difference between being a sole trader and setting up a limited company
• whether you need to set up a business

Watch a video about choosing your business structure

You바카라 사이트檒l learn about the different types of business structure, and how each one works.

• Set up a business
• Set up as a sole trader: step by step
  • 27 February 2025
• Set up a limited company: step by step
  • 3 June 2025

Your responsibilities

Once you바카라 사이트檝e set up your business, you바카라 사이트檒l have some regular tasks to complete and responsibilities to be aware of. These videos and guides will explain:

• what you need to do about VAT and Corporation Tax
• how and why to keep records
• when you need to tell HMRC about any additional income (for example, from a side hustle)

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• Self Assessment tax returns
• Running a limited company: your responsibilities
• Business records if you're self-employed
• Charge, reclaim and record VAT
• Corporation Tax
• Check if you need to tell HMRC about additional income

Get help with your taxes

These videos and guides will explain how to:

• get help with your taxes from HMRC
• get someone to deal with taxes on your behalf

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• Get help with tax
• Appoint someone to deal with HMRC on your behalf

Get more help running your business

These videos, webinars and guides will explain how to get further help once you바카라 사이트檝e started running your business.

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• Growing your business
• Get help and support for your business
• HMRC email updates, videos and webinars if you바카라 사이트檙e self-employed
  • 27 May 2025
  • Guidance

Published 6 June 2025