Indirect tax Section 1 This section is about applying your knowledge of VAT and using reference material to make recommendations or decisions. Task 1.1 (a) You have the following information about the taxable supplies of 4 businesses. For each of them‚ indicate whether they need to register for VAT immediately‚ or monitor turnover and register later. Tick ONE box on EACH line. Register now Monitor and register later A A new business with an expected turnover of £6000 per
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and deregistration‚ imports and exports‚ categories of supplies‚ different accounting schemes‚ and the administration of VAT‚ are discussed. I. Income tax is charged under the trading income provisions of Income Tax (Trading and Other Income) Act 2005 Part 2 on the profits of any “trade‚ profession or vocation whether carried on in the UK or elsewhere” . Accordingly‚ all self-employed have trading income regardless of their business activities. In the absence of a satisfactory statutory definition
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There are currently 800‚000 people withdementia in the UK. There are over 17‚000 younger people with dementia in the UK. There are over 25‚000 people with dementia from black and minority ethnic groupsin the UK. There will be over a million people with dementia by 2021. Two thirds of people with dementia are women. The proportion of people with dementia doubles for every 5 year age group. One third of people over 95 have dementia. 60‚000 deaths a year are directly attributable to dementia
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UGB 213: Marketing Communications | Curry Village | Marketing Communications Plan | Bruce Wayne [Pick the date] | Acknowledgements Situational Analysis Market Size In 2011 the UK restaurant market sold a estimate £18.81bn worth of food with a further £7.37bn worth of drink sales bringing the total of the market value to £26.18bn. The value of the market has increased from 2007 year-on-year. The sector’s share of total sales has increased by 1.2 percentage points from 70.7% in
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Tax Shelter I. Definition Any method of decreasing taxable income in a payments to tax collecting entities‚ including state and federal government. The most common type of tax shelter is an employer-sponsored 401(k)plan. a. Types of tax shelters Some tax shelters are questionable or even illegal: Offshore companies. A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre. Due to differing tax
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Ashanti there were taxes like “assaseto” it was to raise revenue through direct tax so during the assembly of chiefs summoned at Cape Coast in 19th April 1852‚ the Governor Major Hill passed a Poll Tax Ordinance. The poll tax ordinance imposed tax of one shilling per head on each man‚ woman and child in the colony. The poll tax was to be collected by officers appointed by the Governor with assistance of the chiefs. This tax was intended for the establishment of schools‚ markets etc. It is also for the
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Assessee Perception towards Direct Tax Code (DTC) 1 1‚2 Dept. of FMS‚ Gurukul Kangri University‚ Haridwar‚ UK‚ India tax regime as it is based on well accepted principles of taxation and best international practices. It will eventually pave the way for a single unified taxpayer reporting system. The Philosophy behind such replacement is to make the Direct Taxes Code very easy and simple so that tax payers themselves can‚ without help of experts compute and file Income Tax Returns. In planning and framing
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This article is about the demographic features of the population of the United Kingdom‚ including population density‚ ethnicity‚ education level‚ health of the populace‚ economic status‚ religious affiliations and other aspects of the population. According to the 2011 census‚ the total population of the United Kingdom is around 63‚100‚000—the third-largest in the European Union (behind Germany and metropolitan France) and the 22nd-largest in the world. Its overall population density is one of the
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influential on corporate level judgments on topics like investments and to the everyday consumer through their savings. If Inflation increases in an economy drastically‚ it will cause recessions‚ and debt relief. United Kingdom’s Economy The UK enjoyed steady economic growth during Labour’s ten years in office‚ the longest uninterrupted period of growth in 200 years. It had been helped by a strong world economy‚ and by rising immigration and public spending. Tony Blair was in power for 10
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: Table of contents: 1. Introduction……………………………………………………….05 2. What is tobacco……………………………………………………05 3. Types of tobacco products………………………………………..06 4. Tobacco related illness……………………………………………09 5. What is meant by tobacco tax…………………………………....10 6. Taxes on tobacco………………………………………………….10 7. Structure of taxes…………………………………………………10 8. The situation in Bangladesh……………………………………...13 9. Structure of taxes in Bangladesh…………………………………14 10. Summary…………………………………………………………17 11
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