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The total value of all sales.
The cost of items purchased to sell.
The cost of wages.
The cost of all admin and any other costs.
The total value of all other income.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
The Treasury Committee has stated that the government has 'not heeded warnings' that the Lifetime ISA requires reform.
The government's Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD).
MPs were recently told that four million calls to HMRC go unanswered each year, risking 'undermining compliance and the government's revenue targets'.