Business Revision
- Created by: Apnicholsj
- Created on: 02-03-17 14:12
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- Introduction to small business
- Customer Focus
- Marketing Mix
- Limited Liability
- Unlimited Liability
- Taxes on businesses
- Corporation Tax
- Paid by limited company's profits from the business
- The current rate is 20% for companies with profits under £300,000
- Paid by limited company's profits from the business
- Value Added Tax
- National Insurance Contributions
- Paid by sole traders and employee's income linked with state benefits
- Income Tax
- Paid by sole traders and employee's income
- The basic rate is 20% and the higher rate is 40% with the first £11,000 being free
- Paid by sole traders and employee's income
- Corporation Tax
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