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Taper Relief Diagram
Inheritance Tax

How does Taper Relief Work? (Inheritance Tax)

When most people think of inheritance tax, the first thing that comes to mind is the tax paid on the estate left by somebody who dies. This of course, is …

VAT Calulator
accounting / tax

Why Businesses Are Allowed To Claim VAT Back

Before you can understand why businesses are allowed to claim their VAT back, it must first be understood which businesses can reclaim VAT and also how the VAT system works. …

Depreciation entries
tax

How the Tax Personal Allowance Works

As soon as annual earnings go over £100,000 the personal allowance starts to be reduced:

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