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If you are a small business owner in the UK, you are liable to pay taxes. To ensure you are compliant, you need the help of a professional accountant. They can help you save valuable time that you can invest in other fields. To know more, please visit: https://digitallyaccountants.co.uk
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Types of Small Business Taxes Where Accountants Can Help
If you are a small business owner in the UK, you are liable to pay taxes. To ensure you’re compliant, you need the help of a professional accountant. They can help you save valuable time that you can invest in other fields. While some taxes are mandatory, others are charged only when your business meets some financial requirements. You can find more about two common small business taxes charged in the UK below.
Value Added Tax: VAT, or Value Added Tax, is levied on certain goods and services. The standard rate for businesses in the UK is 20%. As of April 2022, a Company is expected to give VAT if their taxable supplies for a 12- month period are over £85000.
Stamp Duty: VAT, or Value Added Tax, is levied on certain goods and services. The standard rate for businesses in the UK is 20%. As of April 2022, a Company is expected to give VAT if their taxable supplies for a 12- month period are over £85000.
To keep your business financially compliant, you should complete your taxes properly. Take help from Digitally Accountants, a trusted source. Here, you can get financial services from the most experienced accountants in Hertfordshire. To know more, you can visit our website today.
Contact Us 08006895182 info@digitallyaccountants.co.uk www.digitallyaccountants.co.uk