1. What Is VAT? VAT (Value Added Tax) is a consumption tax charged on most goods and services sold in the UK. The standard rate in 2025 remains 20%, with reduced and zero rates for specific products. 2. Standard VAT…
1. What Are Government Business Start Up Loans? Government business start up loans are personal loans backed by the UK government, designed to help entrepreneurs launch or grow a new business. Delivered through the Start Up Loans Company, they offer…
1. Why Start a Business in the UK? The UK offers a stable economy, strong legal framework, and government-backed support for entrepreneurs. With a clear registration process and access to funding, it’s an ideal environment for business startups. 2. Choose…
1. What Are Gov Start Up Loans? Gov start up loans are personal loans backed by the UK government, designed to help entrepreneurs start or grow a business. Offered through the Start Up Loans Company, this scheme provides affordable, accessible…
1. Why Apply for a Loan in 2025? Applying for a loan can give your business the initial boost it needs. Whether you’re launching a new venture or scaling up, a business loan helps cover essential costs like stock, equipment,…
1. What Are UK Start Up Business Grants? UK start up business grants are non-repayable funds provided by the government, local councils, and other organisations to help new businesses get off the ground. They support innovation, regional development, and entrepreneurship…
1. What Is the Break Even Point? The break even point is where your total revenue equals total costs, meaning you’re not making a profit, but also not losing money. It’s a crucial calculation for understanding business viability and financial…
1. Real-World Example: Dyson Ltd Dyson Ltd is a well-known example of a private limited company. Founded by Sir James Dyson, the business is based in the UK and manufactures innovative technology products, including vacuum cleaners, hand dryers, air purifiers,…
1. Define Your Business Idea Start by identifying a product or service you want to offer. Ask: Use market research to validate your idea and ensure there’s demand. 2. Choose a Company Structure Select the best structure for your business:…
1. Yes, You Can Claim VAT Back—If You’re VAT Registered If your business is registered for VAT with HMRC, you can reclaim VAT on goods and services used exclusively for business purposes. This process is known as input VAT recovery.…
