Sue and John have been working as solicitors in partnership for many years, trading as Quash & Co. They have no employees. Their turnover is approximately £50,000 pa and they have adjusted trading profits of £32,500. Which two of the following taxes must Sue and John pay to HMRC? A Corporation Tax B Income tax C National insurance contributions D VAT
Sue and John have been working as solicitors in partnership for many years, trading as Quash & Co. They have no employees. Their turnover is approximately £50,000 pa and they have adjusted trading profits of £32,500. Which two of the following taxes must Sue and John pay to HMRC? A Corporation Tax B Income tax C National insurance contributions D VAT
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Sue and John have been working as solicitors in partnership for many years, trading as Quash & Co. They have no employees. Their turnover is approximately £50,000 pa and they have adjusted trading profits of £32,500.
Which two of the following taxes must Sue and John pay to HMRC?
A Corporation Tax
B Income tax
C National insurance contributions
D VAT
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