‘…in this world nothing can be said to be certain, except death and taxes.’
Benjamin Franklin, polymath and one of the USA’s founding fathers
The main activities which give rise to a business tax charge are:
A business is also responsible for administering and collecting certain taxes relating to sales and employment. The latter also carries an additional tax charge. Examples are included later in this chapter.
In the UK, HMRC (Her Majesty’s Revenue and Customs) is the appointed tax authority and enforcement agency to which taxes must be paid.
This chapter provides a high-level ...