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Taxation

Tax is collected in different ways depending on the type of income and whether you're employed, self-employed, trading as limited Company or  not working. The different ways Tax is collected include:

 

 

If you're an employee or you receive a company or private pension, your employer or pension provider will deduct tax through PAYE. If you're self-employed, partnership or trading as Limited company you'll be responsible for filling in a Self Assessment/Partnership/Corporation tax return and paying your own tax.

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