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Related UK Tax Questions
I set up a partnership in Scotland initially as a normal
I set up a partnership in Scotland initially as a normal partnership but then it was changed to an LLP last August by using a Formations company on line. Subsequently my business partner has been decl… read more
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bigduckontax
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Have the tax laws changed for partners of a LLP related to
Have the tax laws changed for partners of a LLP related to paying NIC class 2 and 4? Are foreign partners are still exempt from paying such taxes? I'm referring to articles: - http://www.mablaw.com/20… read more
bigduckontax
bigduckontax
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In case of a LLP in UK, how should the following compensations
In case of a LLP in UK, how should the following compensations accounted separately for members: - compensation for work by the hour, for instance member with low capital contribution / profit share c… read more
bigduckontax
bigduckontax
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Hi, I a non UK resident (Czech Republic), providing IT
Hi, I' a non UK resident (Czech Republic), providing IT services (delivered to Germany, no UK business) and my goal is to setup UK LLP as a tax planning structure. I've been thinking about following o… read more
TaxVince
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I need advice on a UK LLP tax issue. The LLP was formed
I need advice on a UK LLP tax issue. The LLP was formed several years ago to make a 40% investment in a small unquoted company. The LLP funded the investment as part-equity and part-loan. The whole bu… read more
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I am looking to set up as my own firm as a Consulting Engineer Q1)What
I am looking to set up as my own firm as a Consulting Engineer Q1)What are the realitive advantages of being a Ltd. Co. as oppossed to an LLP (with say my wife), andQ2 Typically how much do I need to … read more
taxadvisor.uk
taxadvisor.uk
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My friends are planning to start a Accounting Practice firm.
My friends are planning to start a Accounting Practice firm. This will be a two partner firm with a scope of expanding to three partners in the future. What is the best course of action for registerin… read more
Tony Tax
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Hi TonyTax, re the LLP and the partners use of the partnership
Hi TonyTax, re the LLP and the partners' use of the partnership losses - are Hedge Fund Administrators viewed by HMRC as a 'Trade' or a 'Profession'? There must be quite a few Hedge Fund Administrator… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hi, I have a couple of further questions in relation to the
Hi, I have a couple of further questions in relation to the taxation of LLPs. 1. Can you please let me know whether the foreign partners of an LLP will need to register with HMRC in the UK? If so, wha… read more
berduchwal
berduchwal
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Hi, I am trying to decipher the double taxation arrangements
Hi, I am trying to decipher the double taxation arrangements between Russia and the UK and would appreciate your help. 1) How will dividends paid by a Russian corporate entity to a UK corporate entity… read more
berduchwal
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Hello - I have an underpayment request from HMRC for 9k for
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If a company holds several interests in partnerships as trading
If a company holds several interests in partnerships as trading stock and revalues that stock at the end of every accounting period (sometimes creating losses) does their share of the profit or loss i… read more
berduchwal
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Hi. I am part of an L.L.P. I have paid 25% tax on all earnings
Hi. I am part of an L.L.P. I have paid 25% tax on all earnings which will be settled on 31st January 2011. My office have advised that I will not be able to recieve any return/rebate on this until Jan… read more
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Q re OLD ESTATE agency LLP 2 members ( MEMBER A & MEMBER
Q re ‘OLD ESTATE agency LLP' 2 members ( MEMBER A & MEMBER B ) own an estate agency LLP ( OLD ESTATE AGENCY LLP ). It started May 08 and closed December 2008 with a loss of £80,000 ( LLP still exists)… read more
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afternoon, i am a partner in an LLP. my firm withholds 41%
afternoon, i am a partner in an LLP. my firm withholds 41% of my tax for to pay inland revenue at end of year, is this standard practice?… read more
Sam
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Question regarding an LLP I am a doctor and have an NHS salary,
Question regarding an LLP I am a doctor and have an NHS salary, but also an newly LTD company that operates as a private clinic and making only losses so far.. I am thinking of setting up an LLP, tran… read more
TEAP007
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i am in a partnership carrying out legal services 2 partner
i am in a partnership carrying out legal services 2 partner firm with 50% share each we have made a gross profit of £80000 each in our first year with projected earnings for next year almost double th… read more
Sam
Sam
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Higher Officer HMRC
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MY FIRM IS TO CONVERT TO LLP STATUS. I AM TO BECOME A FIXED
MY FIRM IS TO CONVERT TO LLP STATUS. I AM TO BECOME A FIXED SHARE MEMBER. HOW WILL MY BENEFITS IN KIND ( PRIVATE PETROL,CAR TAX ,CAR SERVICING ETC )BE TAXED.?… read more
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