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Taxtation Firm in UK

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Taxtation Firm in UK

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  1. https://www.bnwaccountants.co.uk/ Taxation system in UK Call us 0208 648 0800 Email info@bnwaccountants.co.uk

  2. Introduction UK government massive earning includes Personal income tax, a substantial amount of national insurance contribution, Limited company for contractors, value-added tax (VAT) and from the corporation tax.

  3. Income Tax • Income tax figures determined on the earned income above the personal allowance. The income Tax year starts from 6 April and ends on 5 April of the following year.

  4. Taxation Firm in UK

  5. National Insurance Contribution • UK's national insurance is a privilege of fulfilling a necessary condition taken from the earned income of workers and employers in returns of certain benefit. It's compulsory for the UK's resident to pay the national insurance who is over 16 and earns more than £162 a week. It is a good approach who is tax planning for small businesses.

  6. Value Added Tax (VAT) Value added tax (VAT) is a tax imposed by the UK's government on the sales of goods and services. There are three rates of VAT: standard rate (20%), reduced rate (5%) and zero rates (0%).

  7. Corporation Tax A corporation tax return is placed on, a limited company , any foreign company with a UK branch or office, a club, co-operative or other unincorporated association on taxable profits which comprises trading profits, investments and chargeable gains from selling assets.

  8. Final thoughts! Taxation firm is very resourceful way to pay income tax online. There are so many free consultation firm like BNW Accountants in London who offer taxation and accountants firm.

  9. BNWAccountants Follow us on Facebook :https://www.facebook.com/bnwaccountants Twitter :https://twitter.com/BNWAccountantsL Linked in : https://www.linkedin.com/company/bnw-accountants-ltd/ Instagram:https://www.instagram.com/bnwaccountants/

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