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.
£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.
