not sure... but they pay their fair share of it. There known as Public Liability Companies.. which means they affect the public on a whole
what percentage of tax do I pay on 125,000?
corporate tax
if i earn £5000 a year what percentage of tax should i pay
60% :-)
Tax debt refers to the tax paid on the amount of debt the company has outstanding still. This varies significantly by company and non-profits do not pay tax.
Yes. Profits are taxable.
what percentage of tax do I pay on 125,000?
There are plenty of benefits of tax free investments. However, the best benefits of tax free investments is getting more profits and not have to pay tax for those profits.
You will not be subject to double taxation. This means that when you pay tax on profits made in one country, you will not be expected to pay the full rate of tax in the country to which you are repartriating these funds.
corporate tax
corporate tax
48%
if i earn £5000 a year what percentage of tax should i pay
60% :-)
Employees do the work that generates the profits which allow their employer to pay taxes. But you will not find a deduction on the employees pay stub which reads, this amount deducted from your pay to cover your employer's business tax.
Tax debt refers to the tax paid on the amount of debt the company has outstanding still. This varies significantly by company and non-profits do not pay tax.
yes however all the income and profits is all yours you are just eligible of paying income tax.