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Related UK Tax Questions
Please, can you advise? If director does not have any proper
HelloPlease, can you advise? If director does not have any proper income, getting JRS grant for paying his wages. Can he take out around £8000 loan via his business and then take these money out from … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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I would like to ask. If one person is director of 3
HelloI would like to ask. If one person is director of 3 companies, does he submit only one tax return or 3x tax returns? Thank you… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I run a small limited company and am due to pay corporation
I run a small limited company and am due to pay corporation tax on 1st April. I've just received my company accounts from my accountant to year end 30th June 2016. My profit for the year before tax is… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Another question please. In 2005 I founded a limited company
Hi Tony, Another question please. In 2005 I founded a limited company in Czech Republic and provided a director loan to the company to buy a flat in Prague. Then three years later I entered the UK and… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hello, Im an overseas director of a UK Ltd company and, in
Hello, I'm an overseas director of a UK Ltd company and, in my role, I must complete a mandatory Self Assessment with HMRC. During registration HMRC is asking for my National Insurance number which I … read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,335 satisfied customers
Hi, I worked as an employee with Sanzar Solutions during 2010-2011
Hi, I worked as an employee with Sanzar Solutions during 2010-2011 tax year. An accountant recomended by Sanzar file my self assessment tax returns using the SRN number specified and details supplied … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I sold my business in 2010 and submitted the final accounts
I sold my business in 2010 and submitted the final accounts for year 2010 to 2011 to HMRC. The business had made a substancial loss and HMRC awarded me a tax rebate of over £30,000. I triple checked w… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Our limited company is going to be closed. There are some assets: 1.
Our limited company is going to be closed. There are some assets: 1. Inventory (Vat 20%) ~ £700 2. Computer purchased BEFORE VAT registration, depreciated twice, £350 3.Equipment purchased AFTER VAT r… read more
taxonomy12
taxonomy12
64 satisfied customers
Hi, I used to use Sanzar Solutions during 2010-2011 tax year.
Hi, I used to use Sanzar Solutions during 2010-2011 tax year. I did file my self assessment tax returns using the SRN number specified and details supplied on P11D and P60 from Sanzar. Now, I got a le… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
do i have to pay back a directors loan when in liquidation
our limited company went into vol liq in july 2011. the 3 directors all have outstanding directors loans of approx £15,000. we have also paid approx £8,000 each in other personal liabilities from the … read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
HI, what is the most efficient way to withdraw £6k per month
HI, what is the most efficient way to withdraw £6k per month from my closed company with only one director, me? Currently I pay myself £10k salary,£32k dividend gross, expense £1k an month via the bus… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
directors of a closed company want to take a large loan of
directors of a closed company want to take a large loan of £400000 from the company and repay it over the next 4 years. I understand the company would pay25% CT until the loan is repaid but what are t… read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
Can you repay a Directors overdrawn loan account by taking
Can you repay a Directors overdrawn loan account by taking out a Bank loan in the Companys name which the 2 directors have signed and are responsible for paying back and then paying this into the Comp… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
do i have to pay back directors loan from my ltd company if
do i have to pay back directors loan from my ltd company if i am in financial hardship? if so over what period. would i beable to desolve my company and wipe out loan?… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Can you clarify the tax implications for a Limited Company
Can you clarify the tax implications for a Limited Company and for the individual of advancing an interest free loan to a diretor of £1000 per month over anumber of years I believe that the individual… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
my accountant has put my earnings for the past 5 years as dividends
my accountant has put my earnings for the past 5 years as dividends instead of paye collating me a directors loan account in the region of £100k as the company has not made enough profit to cover my s… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
We are currently looking to convert our overdrawn directors
We are currently looking to convert our overdrawn directors loan accounts to PAYE and in doing this it is estimated that about £25k will be owed to HMRC in unpaid tax and NI. This and other bills cann… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
Hi a have taken a directors loan out of my company. the
Hi a have taken a directors loan out of my company. the loan was taken out from profits in my 08-09 tax year which ended in aug. so my question is: is corperation due for the amount taken out as a dir… read more
AnthonyL
AnthonyL
Bachelor's Degree
19 satisfied customers
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