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Related UK Tax Questions
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
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I have a start up company and wish to accrue (rather than remit)
I have a start up company and wish to accrue (rather than remit) the minimum salary (via the director's loan account) of £5,668 to qualify for the state pension this tax year. What, if anything do I n… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
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We have a Ltd company with a significant Directors loan that
We have a Ltd company with a significant Director's loan that has been made up of significant monies put into the business. The business is now profitable and growing strongly. We expect to be able to… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi Sam I am about to set up up a limited company (for a tech startup -
Hi Sam I am about to set up up a limited company (for a tech startup - having agreed terms in principle with a data provider), what is the most efficient way to structure this. I am currently employed… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
i have a ltd company i own all the shares i have taken wages
i have a ltd company i own all the shares i have taken wages to the threshole and have 49 000 after my corparation tax if there a better way of me taking all the money out than just writing divenends … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi - I am looking for the most tax efficient way to pay myself
Hi - I am looking for the most tax efficient way to pay myself as a director of a UK limited company. I am the sole director and shareholder of the company. I would like to use a combination of salary… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
Hello, how does tax liabilities work for someone who will be
Hello, how does tax liabilities work for someone who will be 50% director of one Ltd company and a sole trader of another? If it is more tax efficient to be a director of two Ltd companies than a sole… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Is it tax efficient to have a 2nd company under the umbrella
Is it tax efficient to have a 2nd company under the umbrella of the 1st company (which I have a 49% director share in) or to set up an additional business as a sole trader? I run a business with my hu… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,525 satisfied customers
after completing my tax spreadsheet for 2010-11 (Ist company
I have started my company Jan 2011, I worked as locum hospital doctor, after completing my tax spreadsheet for 2010-11 (Ist company year) still I have £45000 of bank transfers other than expenses, sal… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have a property in Portugal that is rented out. The profit
I have a property in Portugal that is rented out. The profit after expenses is taxed locally for non residents at 15%. I have to then declare the profit less the 15% withheld tax and expenses to the U… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Good morning. Since being made redundant I have been doing
Good morning. Since being made redundant I have been doing contract work through my own limited company. After claiming for work related expenses I have withdrawn £46,468 during the last financial yea… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hello, I submitted this on Saturday afternoon but havent had
Hello, I submitted this on Saturday afternoon but haven't had a resonse yet. Apologies if it's still being worked on but I got a message saying that there was a problem with my payment method so wasn'… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
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Hello, I have a question on taxation/small business accounting
Sorry, should have said UK tax please.. Hello, I have a question on taxation/small business accounting please - namely surrounding Directors Loan accounts. I couldn't find out how to assign it to a ta… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Payments on account. I am sole director of a limited company
Payments on account. I am sole director of a limited company and during 2009/10 drew a £15k salary and took approx £50k in dividends form the company. After just completing my self assessment for 2009… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Im looking to start up a new business (LTD - limited by guarantee)
I'm looking to start up a new business (LTD - limited by guarantee) and wanted to know the following. 1.) At what point would I have to pay any taxes? e.g 9mths from registration? 2.) There will be my… read more
Anne T
Anne T
Bachelor's Degree
146 satisfied customers
Hi, I am about to made a director of a company I have worked
Hi, I am about to made a director of a company I have worked as a self-employed advisor for the firm for over 4 years. I will be classed as employed and my employer is proposing to pay a monthly divid… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 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
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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