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Month: November 2024

Taxable Persons

Posted on 21 November 202430 June 2025

An individual not in business but sold one of their personal art painting for £89,000, is a taxable person? TRUE / FALSE? FALSE So, who is a taxable person? A person or entity that carries out any economic activity and deals in taxable supplies, will be called a ‘taxable person’; whether it has registered for … Read More

Posted in: AAT, Level 3, Tax Processes for Businesses

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