quick question about tax.
so if i have 15m profits for this season, is the tax placed on the total profits at 40% or does it break down.
so it would be 10% on the first 5m = 500k
20% on the 5m - 10m = 1m
and 40%, 10m - 15m = 2m totalling 3.5m or is it as i said at the start 40% on total profits which would be 6m.
