Tax is becoming increasingly complicated and HM Revenue and Customs are looking for more ways to raise money through fines for late or incorrect submissions. HMRC made more than £84m from SMEs last year through late payment fines and penalties but these unexpected fines can be avoided if you know what to expect and when. As such, it has become more important than ever to maintain good records and meet all the regulatory deadlines.

This guide is intended to help you achieve this and set up your business as you mean to go on.

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