Tax Return in Luton Hitchin Hertfordshire

Q: How many types of tax are there?

A: There two main types of tax. Direct and Indirect Tax.

Direct Tax: This is paid by you or your business on money you earn or capital gains.

1. Capital Gains Tax.

2. Corporation Tax.

3. Income Tax.

4. Inheritance Tax.

5. National Insurance Contributions.

Indirect Tax: It's paid by you or your business on money spent on goods or services.

1. Excise duties.

2. Insurance Premium Tax.

3. Petroleum Revenue Tax.

4. Stamp Duty.

5. Stamp Duty Land Tax.

6. Stamp Duty Reserve Tax.

7. VAT.

Q: What are the main sources of start up business funding?

A: They are:

Debt Finance.

Small Firms Loan Guarantee Scheme.

Business Angels.

Leasing and Hire Purchase.

Grants.

Factoring.

Venture Capital.

Important links

www.aat.co.uk