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Unfortunately, corporation tax and VAT are complex areas of taxation. Recent changes have only made these areas of taxation more complex. It is extremely easy to make calculation...

When businesses trade as limited companies, they are liable to pay corporation tax in respect of each accounting period, which is based on the amount of taxable profit generated....

Corporation tax is payable by limited companies on their world-wide income and gains, including trading profits, the sale of assets, and investments. Currently, the UK corporation...