Taxes are an unavoidable part of doing business. Taxation is an essential part of running a business, and understanding its impact is crucial to success. In this interactive video, we'll explore the three main types of taxes that businesses should know about and their effects on businesses. We'll use a local fish and chip shop, The Codfather, as our primary example.

The Codfather is a VAT registered private limited company that has been operating for several years, attracting a mix of locals and tourists. We'll examine how personal taxes, business taxes, and spending taxes impact Don's business and how he can respond to these external factors. For instance, we'll see how personal taxes can affect Don's customers' disposable income, business taxes can impact The Codfather's profits, and spending taxes can affect the overall economy.

By the end of the video, you'll have a better understanding of the impact of taxes on businesses and how they can respond to these external factors. Get ready to learn how to navigate the complex world of taxes in the future.