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Related UK Tax Questions
Dear XXXXX I have a client who has traded as a sole trader
Dear XXXXX I have a client who has traded as a sole trader for many years. In October 2012 he converted to a Ltd company. In December 15th 2012 he registered the company for VAT. I have an invoice fro… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
Someone has 2 businesses as a florist they are both limited
Someone has 2 businesses as a florist they are both limited companies and he is sole shareholder and director ,they are both registerd for VAT. He is now thinking of starting a Company in a completely… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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Hello, What taxes I would have to pay if I set up a weekend
Hello, What taxes I would have to pay if I set up a weekend eraly years children play groupor weekend classes in a rented premises? Thank you!… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
My friend who is in the 40% tax bracket by virtue of his pensions
My friend who is in the 40% tax bracket by virtue of his pensions has been offered a consultancy. What is the most advantageous way for him to approach this. Either as a sole trader or through forming… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
Hi, I have a UK company which has around a 5k profit, and
Hi, I have a UK company which has around a 5k profit, and income (intercompany loans and management service charges) from wholly owned US subsidiaries.. Is there any problem with me taking the entire … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
My wife is a self employed Consultant. She is VAT registered.
My wife is a self employed Consultant. She is VAT registered. Her 2010/11 net profit was £76k and her 2011/12 net profit is likely to be around £85k.Overall income is around £100k plus VAT. Would she … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 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
7,089 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
Accountant
ACCA
197 satisfied customers
As a sole trader of two business,s the first making profit
As a sole trader of two business,s the first making profit approx£100,000 per annum the other no profit most probable loss shortly becoming charity any day. How can limit the tax paid on the £100,000 … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
I am a Uk resident operating as a sole trader and one of my
I am a Uk resident operating as a sole trader and one of my clients an american company has offered me a posiiton as an employee under californian law. they have no office, bank account etc in the uk … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
Hi Will a UK company who win work with a Russian company
Hi Will a UK company who win work with a Russian company be liable to any withholding tax or Russian VAT?… read more
Sarah G
Sarah G
Consultant tax lawyer
Master's Degree
36 satisfied customers
I have worked for the UK offshoot of a diversified German group.
I have worked for the UK offshoot of a diversified German group. We dealt with up to 10 VAT registered companies as their UK VAT agent. I have recently been made redundant and would like to carry on w… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
Hi, I wonder if you could help me. I am setting up a business
Hi, I wonder if you could help me. I am setting up a business this week and need to know if Ltd or sole trader might suit me best regarding tax efficiency. The business will be a UK residential proper… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I have just secured a six month contract being paid a flat
I have just secured a six month contract being paid a flat fee per day as an IT Consultant. I was previously employed on PAYE and therefore need to set myself up as being self-employed. The contract i… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
I run two busineses one as a sloe trader and one as a ltd company.
I run two busineses one as a sloe trader and one as a ltd company. The sole trader account is for farming and the ltd for machinery dealing, which is the best one to take a salary from?… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
I have a business sole trader gas fitting question I have
I have a business sole trader gas fitting question I have started another business that supplies all trades to customers, by checking qualifications/ customer references and insurence so the customer … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
I have recently formed my own company of which i am the sole
I have recently formed my own company of which i am the sole employee and share holder. I have also been consulting for another company mfor the last 3 months and they owe me about £6,500. Is it more … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
I am currently in the building trade as sole trader, earning
I am currently in the building trade as sole trader, earning a profit of approx 30,000 and not VAT registered as turnover is less than 64,000. As from next April I have a few big contracts and earning… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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