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Related UK Tax Questions
I would like to doublecheck, does valuation of business
Good morningI would like to doublecheck, does valuation of business needs to be officially check by somebody? If selling my Sole Trading business to my LTD? Thank you… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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Please, can you advise me on selling Sole trading business
HelloPlease, can you advise me on selling Sole trading business to Ltd , now I need to know :1) how to do with Fixed asset - what CR and DR transactions will look like (if for example Sole trader sell… read more
bigduckontax
bigduckontax
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My friend would like to change from sole trading to Ltd, is
HelloMy friend would like to change from sole trading to Ltd, is there any way how to do this in the tax most optimal way (selling sole trading to Ltd) ...? Thank you… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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Please, can you advise? Friend has ltd. He would like to
Hello SamPlease, can you advise? Friend has ltd. He would like to employ his partner part time (for around £500/month). His partner would be traveling here once per month for 5days. She would be his e… read more
Sam
Sam
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Higher Officer HMRC
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Please, can you advise? My friend would like to export
Hello Please, can you advise? My friend would like to export glutanfree food to Slovakia and sell it there under LTD. Is it enough if he create Ltd here in UK? What other implication will be there (wh… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
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Would like to ask. Can I count lunches as expenses (for sole
Hello Would like to ask. Can I count lunches as expenses (for sole trader and for limited company as well) or not? Thank you for any explanation on this.… read more
Sam
Sam
Accountant
Higher Officer HMRC
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Hi Tony, my question is regarding Annual Investment Allowance.
Hi Tony, my question is regarding Annual Investment Allowance. Client bought a £10k asset in July 13 as a sole trader and on 31 August 13 ceased trading as a sole trader and transferred her assets to … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I have moved with my wife and two young children to Madagascar
I have moved with my wife and two young children to Madagascar late last year for her job. We are renting out our London home for £1600 a month and the letting agency deducts tax as we are living abro… read more
Sam
Sam
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Higher Officer HMRC
15,593 satisfied customers
Hi I used to be a Residential Care Home proprietor for about
Hi I used to be a Residential Care Home proprietor for about 20 years, but also worked full time for the NHS, while my wife was employed as the Manager. The Business had two partners, myself and am el… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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I have a small uk based business which is vat registered, the
I have a small uk based business which is vat registered, the only reason for this is because I invoice Italy and Germany , they insist I need to be vat registered for them to pay my invoice? Is this … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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
Tax Consultant
High School or GED
7,089 satisfied customers
Hello I am upgrading my business from sole trader to a limited
Hello I am upgrading my business from sole trader to a limited company. I also opened a new bank account in the new company details but can I keep sole trading bank account for government payments as … read more
TaxVince
TaxVince
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Master's Degree
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Hello As a company limited in the UK - to avoid paying UK
Hello As a company limited in the UK - to avoid paying UK tax legally - I transfer all of the profits to the US via PayPal USA business account where the US company name is XXXXX XXXXX PayPal and then… read more
mark25551
mark25551
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I own an education centre which is a ltd company in the UK.
I own an education centre which is a ltd company in the UK. I declare everything and am getting taxed heavily. I have worked extremely hard to build the business. I have been considering moving abroad… read more
berduchwal
berduchwal
Accountant
Licenciatura
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I intend on selling products through an American vendor. The
I intend on selling products through an American vendor. The product will be created in the UK, but will be sold worldwide by an American company. Who will I pay tax to and what percentage can I expec… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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2,149 satisfied customers
If I cease trading a Ltd, can I restart as sole trader without
If I cease trading a Ltd, can I restart as sole trader without vat reg and buy assets off Ltd company? Also, can I keep my t/a name?… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
I am about to start as a full time trader and I like to know
I am about to start as a full time trader and I like to know if it is better for me to go as self employed or set up a company and trade under that company. What are the advantages and disadvantages o… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 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
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Chartered Tax Adviser
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