Start up, taxes and legal issues

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  • Created by: 854ali
  • Created on: 05-05-14 21:09
VAT
Value Added Tax is a tax on the value of a business.
1 of 5
Income tax
a tax on the income earned by workers and sole traders
2 of 5
National Insurance Contributions
a tax on earnings of workers and sole traders linked to state benefits
3 of 5
Corporation Tax
a tax paid by limited companies on the profits of the company
4 of 5
business have to have a legislation
so that the government can keep track of the activity, collect taxes
5 of 5

Other cards in this set

Card 2

Front

a tax on the income earned by workers and sole traders

Back

Income tax

Card 3

Front

a tax on earnings of workers and sole traders linked to state benefits

Back

Preview of the back of card 3

Card 4

Front

a tax paid by limited companies on the profits of the company

Back

Preview of the back of card 4

Card 5

Front

so that the government can keep track of the activity, collect taxes

Back

Preview of the back of card 5

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