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Related UK Tax Questions
Please, can you advise me on selling Sole trading business
HelloPlease, can you advise me on selling Sole trading business to Ltd , now I need to know :1) how to do with Fixed asset - what CR and DR transactions will look like (if for example Sole trader sell… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
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My friend would like to change from sole trading to Ltd, is
HelloMy friend would like to change from sole trading to Ltd, is there any way how to do this in the tax most optimal way (selling sole trading to Ltd) ...? Thank you… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
I havent got SS question? I am a sole trader financial
I am a sole trader financial adviser, I sold a number of clients and their trail income to my limited company in Feb 2015. How do I treat this in Ltd co accounts? Can I claim for them as an intangible asset and amortise them … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
I have been a member of a Film Partnership since 2000 (investigated
I have been a member of a Film Partnership since 2000 (investigated and approved by HMRC) and I have 4 more years remaining. I have made substantial losses as a self employed trader in the last tax ye… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
Hello I am upgrading my business from sole trader to a limited
Hello I am upgrading my business from sole trader to a limited company. I also opened a new bank account in the new company details but can I keep sole trading bank account for government payments as … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I am currently sole trader, I have to fill in a vat return
I am currently sole trader, I have to fill in a vat return from december 2010 - october 2012 due to late registration. thing is, i started trading under a limited company from january 2012 to date. is… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hello, Is the tax rate the same for both Trading as
Hello, Is the tax rate the same for both Trading as a sole trader and Company Ltd e.g 20% [I think] to be taken out of profits made by a registered company and is that the same for a T/A?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hello Between 2002 and 2007 I ran my business as a sole
Hello Between 2002 and 2007 I ran my business as a sole trader in 2007 for various reasons I decided to set up a Ltd company One of the reasons was I wanted to give a key employee a share of the busin… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
My client trades as a Ltd Co in the UK He has a contract
My client trades as a Ltd Co in the UK He has a contract in Nigeria and will have 20% Nigerian Tax witheld If he does the contract as a sole trader he can gross the net income up and claim the 20% Nig… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
Hello, I hope someone can put my mind to rest. 1. I am
Hello, I hope someone can put my mind to rest. 1. I am in the middle of submitting the SA for a self employed builder. He puchased a van and tools in 2009/2010 which I did not claim on SA for 09/10 ,b… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Hi Sam. Im a bookkeeper, questions are regarding a client He
Hi Sam. I'm a bookkeeper, questions are regarding a client: He is in a partnership and self employed, for the Tax year 2008/09 his self assessment return was for both. He still have to submit his 2009… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
Hi there I am in a bit of a pickle, I dont want to dodge
Hi there I am in a bit of a pickle, I dont want to dodge my tax this year and am about to fill in my tax return at the end of the financial year. I have started a Ltd company last year but I didn't eb… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
Hi, we are not sure if we need to file the 2009/2010 tax return
Hi, we are not sure if we need to file the 2009/2010 tax return? We stop trading our coffee shop as a limited company on 31 march 2010. We instructed our previous accountant to close the limited compa… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Hello there, I have recently incorporated my business and transferred
Hello there, I have recently incorporated my business and transferred my sole trader VAT number to the Limited company. The limited company (ie me) have agreed to pay the outstanding liability for the… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I might be facing a VERY large CGT bill from AIM FI oil exploration
I might be facing a VERY large CGT bill from AIM FI oil exploration shares . Is there a legal way to defer CGT by for example creating a limited company and then purchasing a business with reference t… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
If Ive lost money and closed my business in January 2010.
If I've lost money and closed my business in January 2010. Can I off-set this years loss when filing my self-assessment return for Apr 08- apr-09? If so, How? under what section?… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
i have a 52,000 tax bill to pay by the 18 january 2009. i
i have a £52,000 tax bill to pay by the 18 january 2009. i have just learned that i have a £35,000 litigation liability from 2004 which i have to pay now. can this amount be ofset against my tax liabi… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
Hi. Im sure this is a question that is asked often, with the
Hi. I'm sure this is a question that is asked often, with the answer that states, nothing you can do. This is the scenario. Sole trader. Year end figures with accountant at present with the probabilit… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
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