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Gross profit is shown in your financial statements on the profit and loss account, after sales and cost of sales. It tells you what the business made after paying for direct costs.

In the past company cars have been taxed heavily, making them unattractive for most business owners.

The domestic reverse charge VAT has been in force for the construction industry for just over a year, being introduced from 1st March 2021.

If you sell a residential property that isn’t your main residence, or hasn’t always been your main residence you may be have to pay Capital Gains Tax.

Making Tax Digital is HMRC’s vision to digitalise the tax system in the UK.