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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 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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Key Individual Tax Changes: Mini Budget 2022 The Mini Budget 2022 introduces significant tax adjustments for individuals. The 1.25% National Insurance rise will be reversed from 6 November 2022. Income tax will see a reduction, with the basic rate cut to 19p from April 2023, and the 45% top rate abolished in favor of a
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