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Related UK Tax Questions
I am looking into a corporate tax structure that allegedly
I am looking into a corporate tax structure that allegedly reduces income tax and corporation tax. Would you be able to advise how this would work? Thanks: "This solution allows a UK trading company t… read more
bigduckontax
bigduckontax
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Limited company incorporated in Scotland with the following
Good Morning,Limited company incorporated in Scotland with the following business activities: Primary - Other letting & operating of own or lease real estate Other - Accounting/audit servicesThe direc… read more
bigduckontax
bigduckontax
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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
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Dear XXXXX,ABC Limited was incorporated at the height of
Dear XXXXX, ABC Limited was incorporated at the height of property boom. The loans were secured with personal guarantees. The rental income is not sufficient to cover the interests. The company has be… read more
TaxVince
TaxVince
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Re: Entrepreneurs Relief. My wife (25%) and I (75%) have
Re: Entrepreneur's Relief. My wife (25%) and I (75%) have a limited company that owns a golf driving range on leased land. The lease has 2 years left and the business will cease to trade then (Oct 201… read more
Sam Pathak
Sam Pathak
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Master's Degree
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I worked through a Ltd company/umbrella company for a few months
I worked through a Ltd company/umbrella company for a few months last year, whilst on site in London. Can I claim a tax rebate as I havnt worked since? and how/who would i contact to initiate claim… read more
Sam
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I am writing to ask in which tax year I am able offset capital
I am writing to ask in which tax year I am able offset capital losses on shares invested in an unquoted company, against my income tax liability. Information regarding the company: • Incorporated in O… read more
Tony Tax
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High School or GED
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Hi, I am the director of a limited company and was unable
Hi, I am the director of a limited company and was unable to pay the corporation tax bill due in Oct 2010. HMRC agreed a payment plan over 12 months which I have fallen behind on. So I didn't incur an… read more
TEAP007
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I was Director of a corner store between 2005 and 2009, in
I was Director of a corner store between 2005 and 2009, in the last couple of tax years the company made a loss, I paid Corporation Tax of around £1500 each year. The company ceased trading in october… read more
Anne T
Anne T
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1) I want to set up a website. Chances are it will not make
1) I want to set up a website. Chances are it will not make any money. Is there any way I can offset the loss I make against my income tax? I do not want to set up a limited company at the outset due … read more
Sam
Sam
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Higher Officer HMRC
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Hi, I was a director of a company that has ceased trading over
Hi, I was a director of a company that has ceased trading over two years ago and has been disolved for 6 months. The tax man tells me the company owes him £8k in corporation tax and that I am liable t… read more
Tony Tax
Tony Tax
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High School or GED
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Hi Samtax, My question is that last year Aug 08, my client
Hi Samtax, My question is that last year Aug 08, my client ceased trading. The company is still alive and my client looks to use the company to set up in business with another totally different trade.… read more
Sam
Sam
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Higher Officer HMRC
6,712 satisfied customers
A small familiy owned limited company wishes to cease trading.
A small familiy owned limited company wishes to cease trading. There are no assets or liabilities except for loans owed to the Co Secretary of £2,500 and £11,000 to the managing director. (both family… read more
Tony Tax
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Id like to reduce my tax bill. My idea was My existing
I'd like to reduce my tax bill. My idea was: My existing business, which I run as self-employed would be licensed to a limited company which I own (granting the right for the company to operate and co… read more
Julie Kingham
Julie Kingham
Director
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I am looking to close a business. It has not traded at all
I am looking to close a business. It has not traded at all this (business) year, and i have submitted the info to the accountant for last years books. It owes nothing and has earnt nothing this year. … read more
Sam
Sam
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We are a partnership and are incorporating into a limited company.
We are a partnership and are incorporating into a limited company. What happens to the value of the partneship and how will that be accounted for in the LTD company's books. Further will i and my part… read more
TEAP007
TEAP007
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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
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a company has been assessed to income tax for a disprortionate
a company has been assessed to income tax for a disprortionate amount on assessed income at 35% but by mistake the inland revenue did not realise that the company is taxable @ 15% instead of 35%. The … read more
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