FAQ: How will I account for Tax and National Insurance payments?

This depends on how you receive income and your status as a Sole Trader/Partnership/Limited Company or Limited Liability Partnership. The basis is either through PAYE or under the Self-Assessment scheme.

To understand which is appropriate for your particular circumstances, view the HMRC videos & documents in the Business Information & Downloads section click here. Alternatively talk to a BSYNY Business Support Specialist who will review your position and offer you guidance.