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SECTORS - 5

   Tax

SELF ASSESSMENT - 6a

VAT

CORPORATION TAX - 6a

Self-Assessment results in the responsibility of calculating individual tax falling on the individual. The main individuals responsible to complete self-assessment returns are:

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Corporation Tax is the tax payable won a company’s taxable profit. It is calculated after deducting various items from a company turnover, mainly:

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Value Added Tax (VAT), is a tax incurred by every business whose turnover exceeds the registration limit, which is to be accounted for by all voluntary registered business and those with turnover above the limit.

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