Also in the news...
The market for space transportation is growing exponentially. Here in this article, we look at different innovations and solutions to likely problems regarding space transport. The future’s bright with all sorts of interesting ideas.
If you’re using a preference from a preference agreement or the Generalised Scheme of Preferences, you will need to prove the origin of your goods.
How to claim preferential rates of duty on goods covered in the UK's deal with the EU and how to declare goods imported into the UK on your import declaration.
Forex Market is also known as Foreign Exchange Market or Currency Trading Market.
Obtaining a business license in Italy: what you need to know
Using A Company To Save Tax
Using a company could easily save you over £10,000 in tax every year...possibly over £40,000. Why?
Firstly, UK corporation tax rates are much lower than income tax rates. Secondly, company owners can pay themselves dividends, which are taxed much less heavily than other forms of income. They can also split their income with their spouse or partner which often produces a lower tax bill. Finally, as a company owner, you have complete control over how much income you withdraw in total. This gives you significant control over your personal tax bill, allowing you to avoid the extortionate tax rates that kick in when income exceeds £41,865, £50,000, £100,000 or £150,000. Sole traders cannot control their income tax bills in this way. This plain English tax guide tells you everything you need to know about the tax benefits of running your business through a company and contains numerous examples and tax-planning tips.