Originally Posted by
Prophead
Why would most payments be corporate?
All the workers wages will be taxed. This goes not for actual site workers but all suppliers and designers/managers.
Suppliers and contractors will be paying Corporation tax on profits and VAT. Materials likewise.
Compensation payments are likely to be taxable.
Pretty much everything included in the figure will be taxed, maybe more than once.
VATis recoverable if you are a company and CT?? That s why people employ accountants.....