Paying Tax |  Where Does It Come From? and the Taxes we pay

Where Does It Come From? paying taxWe believe that it is fair that people and companies pay their share of tax to support our economy and to help provide vital services such as the NHS, Education and help for those who need it.  Where Does It Come From? pays tax in the following ways….

  • – Value Added Tax – When making a purchase we pay the requisite amount of VAT (usually 20%)
  • – Import Duty and taxes – Most of our products come from abroad and so we pay Duty (12% of value).  VAT of 20% of value+duty is also charged on imports.
  • – Income Tax – Our accountants KBLAccounts submit a tax return on our behalf annually, as well as submitting our company accounts to Companies House.