Taxes Flashcards
1
Q
when does a company need to register with HMRC for VAT purposes?
A
For turnover above £90k a year
2
Q
What is Capital Expenditure (CAPEX)
A
The cost of investing in assets to be used in the long term
3
Q
What is Operating Expenditure (OPEX)
A
The cost of running a company
4
Q
What are capital allowances
A
tax relief from investment in assets
