So I've recently started an LLP with a partner of mine, and even though I've already talked to an accountant, I still don't understand a few things:
1. If I am not VAT registered, I don't have to charge VAT (below 85,000 pounds turnover)
2. I have to pay a 20% income tax on my net profit, but Do I have to pay this on my personal tax reports and not on my LLPs tax reports? Which form has to be filled for this?
3. I don't have to pay the 7.5% Dividend tax, so I don't have to fill out the SA100?
Thank you in advance, all answers are appreciated