You make a sale of £1200 in your business
£200 is VAT
You have £1000
You pay 25% corp tax on it
You have £750
You pay it to yourself as a dividend and pay 20%
You have £600
You spend it and £100 of the spend was VAT
You have something worth £500
You die and pass that thing onto your kids and your estate owes 40% of it in taxes.
Your kids have £300
... are you seeing why it's nearly impossible to get ahead in the UK? This is why people are leaving the UK.
IDF commander breaks the silence and says “The killing of innocent civilians in Gaza happens every single day”… and the IDF policies encourage the targeting of civilians…🇵🇸💔