10 Facts About Corporate Taxes That Will Make Your Blood Boil
Only mugs pay taxes!! An easy way to get your taxes down in the Uk, even if you work PAYE is to start your own business on a self employed basis. Be a photographer at weekends taking pictures of weans, christenings and stuff.
You buy all the gear, which is all tax deductible, and make a few quid to show income. In your first year you make a loss as the costs of setting up, getting known, blah blah exceed your income. You may place these losses against the next year's PAYE and can, drop from 40% to normal tax rate in some cases or just take a cheque from the revenue. Then close the thing down due to poor sales and yodel all the way to the bank.
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