Commercial Module 3 – Setting up a Company in the UK


What you need to know before setting up a Business 33pp pdf ebook

SKU: COM-M3 Category:


This is a module that helps you to make decisions on your company structure. We review the differences and pros and cons between being a sole trader, partnership and limited company, when you should register with the HMRC and how you do this.

This module will advice you on what you can and can’t claim as a home-based business, the difference tax bands, when you have to apply for VAT, what is VAT’able and what is exempt from VAT, what happens if you need to employ someone, the differences between the minimum wage and the living wage, how you can calculate PAYE, pension contributions, holidays etc, when you need to employ an accountant and what records you need to keep on your business for tax purposes.


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