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How do I pay tax in a franchise?

This depends on the legal structure that the franchising business operates as, rather than on the franchise itself.

A franchise is where an established business (the franchisor) charges other businesses (the franchisee) to replicate their name, branding, and way of operating. The franchisee can use any kind of legal structure, though the terms of the franchise might insist that they operate in a particular way.

Our guide explains how franchises work, the pros and cons for businesses looking to become franchisors or franchisees, and offers tips on getting started.

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Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.