#mark-wardsworth
the total tax bill of a VAT-able business would not be much different if they increased Employer's NIC to 30% and corporation tax to 37%. Which sounds as shit as it is.
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Mark Wadsworth: Killer Arguments Against LVT, Not (486)suming that most of the VAT is borne by the supplier, if there were no VAT, their income would jump by about one-sixth. Happy times! 7 January 2021 at 17:20 Mark Wadsworth said... M, to sum up, <span>the total tax bill of a VAT-able business would not be much different if they increased Employer's NIC to 30% and corporation tax to 37%. Which sounds as shit as it is. 7 January 2021 at 17:48 mombers said... MW gross profits aren't very helpful for a business with fixed costs as these can't be deducted. So businesses who say make a £10k profit absent Summary
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