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Capital Gains Tax (CGT) is imposed on the profit made from the sale of assets, such as property, shares, and collectibles. Usually, the kind of asset and individual’s total income determine the tax rate. Types of Assets Subject to CGT Tax Rates The CGT rates for individuals and trustees in the UK are as follows
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The landscape of e-commerce is ever-evolving, with businesses transcending borders and catering to a global audience. Amid this growth, understanding the intricacies of Value Added Tax (VAT) becomes crucial for e-commerce businesses. VAT is a consumption tax levied on goods and services at each stage of production or distribution. For e-commerce businesses, especially those operating
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The service provider initiates the procin initial consultation with magna.
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The Spring Budget package sets out a number of tax measures to drive enterprise through boosting investment, support employment by incentivising work and spread the benefits of economic growth everywhere. The Budget also announces a range of administrative changes to make it easier for small businesses to interact with the tax system and consultations to
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Chancellor Kwasi Kwarteng has announced that the UK government will scrap the 2017 and 2021 reforms to the IR35 off-payroll working rules. It is a great welcoming news for the contractor’s industry and will be introduced from April 2023. A Major Win for Contractors: Repeal of IR35 Rules Repealing IR35 reform is a huge victory
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