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Related UK Tax Questions
Would like to ask, if person sells his Sole Trading business
HelloWould like to ask, if person sells his Sole Trading business to LTD for example for £100 000, then does his LTD needs to pay any Corporation Tax , and does he needs to pay any dividends tax in fi… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,369 satisfied customers
I am a sole trader operating under a Limited Company and am
Hi, I am a sole trader operating under a Limited Company and am about to file my first set of accounts, using the micro-entity format, with HMRC. I don't have an accountant for this currently due to s… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,176 satisfied customers
I would like to ask. I have Ltd in which I have to pay 10%
HelloI would like to ask. I have Ltd in which I have to pay 10% management franchising fee on sales made. I have director loan account balance around £10K DR (meaning that my Ltd owes me this money, s… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,369 satisfied customers
1. Is it possible for a Ltd company to lend a person or
1. Is it possible for a Ltd company to lend a person or another Ltd company money ? Does they have to be any special circumstances for this to be allowed ? Does the Ltd company have to charge interest… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,369 satisfied customers
I am presently an IT contractor working though a LTD
I am presently an IT contractor working though a LTD company. I am starting up a new business in Sustainability which I intent to transition over to from the IT business over time as the Sustainabilit… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,369 satisfied customers
I'm a Ltd company director and I paid myself dividends in July
I'm a Ltd company director and I paid myself dividends in July 2014 and my company's finance year is May 2014 to May 2015, I want to pay back the dividend and withdraw it again in late March within th… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,369 satisfied customers
If I have a loan agreement with an individual but he transferred
If I have a loan agreement with an individual but he transferred the monies from his LTD company account to me is that ok?… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,176 satisfied customers
Hi, Ive been using my limited company account as if it was
Hi, I've been using my limited company account as if it was a personal one. Not taking the accurate salary each month or reasonable dividends. I'm not hard up so I dont mind how much it costs in tax t… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I have two completly seperate Ltd companies one is running
I have two completly seperate Ltd companies one is running fine, the other now 5 years old and was created to run a franchise which failed, I have around 20k in directors loans and the running loss is… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I have been running a small Limited company for around 3 years
I have been running a small Limited company for around 3 years now and I have been doing the accounts and submitting them to the Inland Revenue myself. The turnover of the business has been quite low … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
M LTD Y/E 31.12..IS THE CO TRADING AS A MEDICO LEGAL PRACTICE
M LTD Y/E 31.12..IS THE CO TRADING AS A MEDICO LEGAL PRACTICE (VAT REGD) FOR OVER 5 YRS, DIRECTOR DR JK; SHAREHOLDERS ARE DR JK 50% MRS SK 40% AND SON MR VK 10% E LTD Y/E 31.03.. IS THE CO TRADING AS … read more
Expert
Expert
I am changing the status of my Compnay form Partnership to
I am changing the status of my Compnay form Partnership to Ltd Company to be more tax efficient, we also own the commercial premises we trade from however the bank have said they would need a lease dr… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
What are the legal & tax implications if a limited company
What are the legal & tax implications if a limited company lends money to another company?… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
CHANGING FROM A SOLE PROPRIETOR BUSINESS TO A LTD COMPANY. Hi, At
CHANGING FROM A SOLE PROPRIETOR BUSINESS TO A LTD COMPANY. Hi, At the moment the business is a sole proprietor, vat registered business. From the 1st January 2012 it will become a ltd company and I ne… read more
mark25551
mark25551
Accountant
ACCA
197 satisfied customers
i understand the entries for a sole trader to start, Dr Cash
i understand the entries for a sole trader to start, Dr Cash Cr Capital but to start a ltd or plc i am unsure. Also how far can you go back for pre - trading expenditure.… read more
mark25551
mark25551
Accountant
ACCA
197 satisfied customers
If a owner of a company loans the company money and repays
If a owner of a company loans the company money and repays himself later is it a drawing and therefore taxable or is it just a loan repaid, and where in the ledgers would you show these transactions… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I work for a building company who holds several properties,
I work for a building company who holds several properties, they hold them until they are ready to be developed, at the end of last year they were incorporated, changed to 'ltd' status. Our accountant… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
Hi, I need to find out about repaying the Directors Loan account
Hi, I need to find out about repaying the Directors Loan account by releasinga formal contractural procedure as on HMRC website… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
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