Whether you're interested in the smaller business community, are planning to start a business or have an existing business, we have a package for you.
Our most popular package is FSB Business Essentials which includes a whole range of benefits and products designed to make your business fly
A suite of legal benefits including a dedicated helpline, bundled insurance products and a range of online information to keep your business safe. Plus a whole range of negotiated benefits to help save you money and win business.
Our Business Creation package is designed to make starting a business simpler, allowing you time to focus on what's important - making it a success.
Specialist company formation benefits, access to FSB networking, business banking and a range of products to help get you setup in business.
Whatever your circumstances, we have a package to suit you and your business. Click the button below to see which benefits are included in each package and start your FSB journey.
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We represent a diverse range of businesses from retailers to marketing agencies and just about everything in between. Take a look at more member stories and see how we could help your business fly.
More Member Stories
We offer three packages to suit your business needs. Joining FSB Connect is free, our Business Essentials package starts at £172.50 in the first year and our specialist Business Creation package has a fixed price of £129.
There are many challenges facing the small business owner and, of these, the rules surrounding Value Added Tax (VAT) are among the most exacting. The language of the relevant legislation and regulations can seem opaque and there are pitfalls which even the most diligent of firms can struggle to navigate. In this short guide, we set out three of the more common mistakes that we encounter at the FSB.
The original architects of the flat rate VAT scheme intended for it to simplify matters and reduce the compliance burden for small businesses and, to a large extent, it accomplishes this objective. You will nonetheless still need to ensure that you accurately calculate your VAT bill to avoid penalties. This entails:
a) Establishing and using the correct percentage rate for your service or trade in order to calculate the rate of VAT that your company will be required to pay. This can be complicated if your enterprise provides two or more types of services and these would ordinarily be subject to different rates of VAT;
b) Taking care to exclude only those sales which are outside the scope of VAT from your flat rate turnover accounting. It is compulsory to include all of your organisation's other sales, including those which are exempt from VAT or zero-rated and:
c) Including the full sum of the VAT you charged your clients when you apply the percentage to your sales.
If you believe that your firm is eligible to use the flat rate scheme and you decide that it would be beneficial to do so, you are required by law to submit an application to HMRC for approval before you can use the scheme. Should you use the VAT flat rate scheme without the formal agreement of HMRC, you will be potentially liable to receive a penalty for incorrect payment of VAT. Details of the eligibility criteria and the application process are available from the HMRC website.
The general principle is that your company is not legally permitted to reclaim VAT on business entertainment, the latter being defined as any form of free or subsidised hospitality or entertainment provided to non-employees (including past or prospective employees). This is equally the case where an event's main purpose is client entertainment but some employees also happen to be present. If an event is principally intended for the benefit of employees but a number of non-employees attend (family members, for instance), you may be able to claim for the proportion of the event that was provided to employees.
The rules relating to VAT can be complex and we understand that professional tax protection advice is costly, while dealings with HMRC can be time-consuming. At the FSB, we provide expert assistance to small businesses with the management of their tax affairs. Our members have immediate access to our tax investigation services which comprise a range of benefits, including:
We are here to help small businesses to protect themselves and to grow.
Tax advice & investigation protection from the FSB