Taxation

Tax is one of those areas that’s impossible to ignore but easy to get wrong. Unfortunately, for organisations with multiple teams, functions, or locations, it can quickly become overwhelming. The result can be unnecessary stress and time spent, missed tax reliefs and allowances, and more.

At Framework, we take away the stress and uncertainty of taxation. With years of expertise and a modern, tech-savvy approach, we make sure tax obligations are met while helping businesses plan with confidence.

What is taxation for UK businesses?

In simple terms, business taxation is how you calculate, report, and pay the correct tax to HMRC. It can vary and include the likes of VAT returns, Corporation Tax submissions, and employee benefits.

For medium-sized businesses, it’s not just a compliance tick-box exercise, and can also include:

  • Preparing and submitting Corporation Tax returns

  • Managing VAT registrations, returns, and schemes

  • Handling PAYE, P11Ds, and benefits in kind reporting

  • Advising on available reliefs, allowances, and credits

  • Making sure digital records comply with Making Tax Digital (MTD) requirements.

Getting it right provides clarity for businesses, reduces risk, and supports better decision-making at the leadership and board level.

Why is taxation important?

Accurate tax planning protects businesses from penalties and reputational damage. It can also go a long way to unlocking growth opportunities for charities, membership bodies, and businesses alike.

Of course, compliance is the cornerstone of taxation, and it means that businesses can avoid fines and investigations from HMRC when carried out properly. In addition, strong taxation planning can help businesses make full use of reliefs and allowances, and lead to better forecasting, cash flow, and board reporting.

It also demonstrates financial discipline to board members, funders, and stakeholders, and keeps everything else ticking along, including payroll, supplier payments, and long-term strategic planning.

How tax management supports business growth

It’s not just the filing of returns, and tax management helps businesses and organisations improve cash flow visibility. This is achieved through more accurate liability forecasting, which can also help directors and board members make informed decisions about investment and expansion.

On top of these, it builds credibility with banks, funders, and regulators thanks to more transparent reporting and professionalism in general. It also supports long-term governance by ensuring compliance across multiple departments and locations.

Five common mistakes organisations make with tax

There are some mistakes many businesses make when it comes to budget planning and variance analysis. These include:

1.    Missing deadlines

HMRC requires strict, on-time submissions, and late filings can result in penalties and reputation damage for companies and organisations of all sizes.

2.    VAT complications

Multiple VAT schemes exist, but choosing the wrong one can cost businesses money in the short and long term.

3.    Overlooking reliefs and allowances

From R&D credits to capital allowances and more, organisations often miss out on savings if they aren’t fully aware of the reliefs and allowances available to them.

4.    Poor digital records

Not complying with Making Tax Digital leaves gaps and increases audit risks. No business wants to deal with this kind of headache; trust us!

5.    Siloed data

When tax isn’t linked with bookkeeping, payroll, and reporting, errors can very easily multiply, and visibility can be lost across financial and leadership teams. This often leads to confusion and reduced efficiency.

How we can help

At Framework, we integrate taxation into organisations’ wider finance function, so it works seamlessly with bookkeeping, payroll, forecasting, and more.

With everything built around your business requirements and goals, our taxation service includes:

  • Preparing and submitting Corporation Tax and VAT returns

  • Advising on VAT schemes and registrations

  • Calculating and optimising tax liabilities

  • Managing P11Ds, employee benefits, and PAYE compliance

  • Identifying and applying relevant reliefs and allowances

  • Ensuring your systems are MTD-compliant and fully integrated

  • Providing clear reports and updates for boards and leadership teams.

By outsourcing to Framework, businesses can gain peace of mind that taxation is being handled accurately, efficiently, and proactively. Our team ensures your organisation stays compliant, minimises risk, and makes the most of the taxation opportunities you don’t even know exist.

Find out more

Tax doesn’t have to strike fear into finance teams or boardrooms. With Framework, you get a taxation partner that understands your organisation, integrates with your finance function, and keeps everything clear, compliant, and stress-free.

Get in touch to discover how we can help your organisation with taxation.

Get in touch