As the 31 January deadline for filing Self Assessment tax returns approaches, HM Revenue and Customs (HMRC) is warning taxpayers about fraud. 

 

This year there have already been nearly 900,000 reports of suspicious HMRC telephone calls, texts and emails. 

 

More than 100,000 were telephone scams and more than 620,000 of them were about false tax rebates. 

There are a number of taxes that you must pay as a small business owner. 

 

Failing to make payments, paying the wrong amount or missing deadlines can lead to fines from HMRC, as well as interest on any amount overdue. 

 

Making sure that you understand what you are responsible for and how much you will need to pay helps your business to run smoothly.