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Related UK Tax Questions
Q: I have set up an online business selling physical goods
Q: I have set up an online business selling physical goods online on amazon.com (in usa). Expenses have been incurred since Mar 2013 to date and revenue has been coming in since Nov 13 selling online.… read more
bigduckontax
bigduckontax
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hi there, i was told that there is a possibility to claim back
hi there, i was told that there is a possibility to claim back taxes paid the previous tax year(I was employed) if I start a company based in the UK and hire some people. I could apparently get a gran… read more
Tony Tax
Tony Tax
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High School or GED
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Currently i am employed full time and my wife is self employed,
Currently i am employed full time and my wife is self employed, but we're looking to setup a new business importing from Europe and selling in the UK. We want to continue with our current jobs, but ne… read more
Tony Tax
Tony Tax
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Having retired I run a part-time business as a sole trader
Having retired I run a part-time business as a sole trader making a steady but small profit. I have recently formed, with my daughter, a limited company in order for her to take over the management of… read more
TaxVince
TaxVince
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I AM SUBMITTING ACCOUNTS TO FINALISE OLD TAX AFARES FROM 2005-2006-2007
I AM SUBMITTING ACCOUNTS TO FINALISE OLD TAX AFARES FROM 2005-2006-2007 - THE ACCOUNTS SHOW A LOSS FOR 2005 - APPROX £19K, A PROFIT 2006 APPROX £16K A LOSS 2007 APPROX £2K, WILL I BE ABLE TO OFF SET 2… read more
Tony Tax
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OK so the next question is - my client is using a wharehouse
OK so the next question is - my client is using a wharehouse strictly for business purposes. he is a sole trader. Can we treat this as a business asset for CTG purposes, if he decideds to develop it a… read more
Tony Tax
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Myself and my wife are looking to purchase a cafe/bistro.
Myself and my wife are looking to purchase a cafe/bistro. I will be continuing to work full-time with my current employer, my wife will be working in the cafe full time. I am a 40% tax payer. Expectin… read more
Sam
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Hi there,I have a question regarding pre incorporation
Hi there, I have a question regarding pre incorporation revenue. I became self employed from 1 June 2010 onwards but did not incorporate my company until 28th June 2010. My first invoice issued by the… read more
berduchwal
berduchwal
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I am in full time empoyment on PAYE. If I set up a small business
I am in full time empoyment on PAYE. If I set up a small business as a sideline I know I have to do self assesment. My business earnings in the first year will be very low <£1000 Can I set off my b… read more
mark25551
mark25551
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I have filled in my tax form online and it has been sent.During
I have filled in my tax form online and it has been sent.During the tax year I had 2 buisnesses.One made a profit if 12k and one made a loss of 11k.My total earnings for the year were £1k.However I ha… read more
Sam
Sam
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Higher Officer HMRC
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I rent fully-furnished properties out as my prime business
I rent fully-furnished properties out as my prime business (multi-lets). I have been advised that I can offset 10% of the gross rents received against tax but also a further 10% of the gross rents aga… read more
Sam
Sam
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I was made redundant on 24th May this year and I am shortly
I was made redundant on 24th May this year and I am shortly to start trading on a self employed basis. I require advice on the most preferable trading options from a tax perspective, e.g. sole trader … read more
Tony Tax
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I AM STARTING UP A BUSINESS AS A SOLE TRADER AND I AM ALSO
I AM STARTING UP A BUSINESS AS A SOLE TRADER AND I AM ALSO EMPLOYED FULL TIME BY AN EMPLOYER. CAN I OFFSET MY TAX FROM MY EMPLEE EARNINGS AGAINST THE LOSS OF SET UP COSTS AGAINST MY SOLE TRADER EARNIN… read more
Tony Tax
Tony Tax
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Hi my husband went from being a sole trader to a ltd co in
Hi my husband went from being a sole trader to a ltd co in dec 09 we have a tax bill saying we owe 16,000 for this year 2010 even though he has caesed trading as a sole trader and now is paying compan… read more
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I might be facing a VERY large CGT bill from AIM FI oil exploration
I might be facing a VERY large CGT bill from AIM FI oil exploration shares . Is there a legal way to defer CGT by for example creating a limited company and then purchasing a business with reference t… read more
Julie Kingham
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I want to put my kids to private school but not pay tax on
I want to put my kids to private school but not pay tax on the school fees. I own my own company and am a sole trader.… read more
Julie Kingham
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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
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Higher Officer HMRC
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Hi. Im sure this is a question that is asked often, with the
Hi. I'm sure this is a question that is asked often, with the answer that states, nothing you can do. This is the scenario. Sole trader. Year end figures with accountant at present with the probabilit… read more
Tony Tax
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