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Related UK Tax Questions
I would like to understand more about VAT. if my company is
I would like to understand more about VAT. if my company is VAT registered and makes say 100k, and so I have a 20k VAT bill. If I buy a laptop personally for 2k, it costs me 2k. If my company buys it,… read more
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I have a question on possibility of offsetting profit
Hi, I have a question on possibility of offsetting profit against losses of 2 separate trades in 1 LTD company. I made a profit in a financial year form my finance consultancy and the same year I star… read more
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A Ltd Company capital allowance question. The company sold a
Hi Tony, a Ltd Company capital allowance question. The company sold a van on which it had previously claimed 100% AIA. There was a small loss on sale. Reading HMRC notes it says add the full value (i.… read more
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Pearl, I am trying to file my self-assessment and not sure
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I am completing my HMRC joint filing service CT600 pdf companies, and have a pro
I am completing my HMRC joint filing service CT600 pdf for small companies, and have a problem with box AC59 not being allowed to be negative. Bascially, in year May 12/13 the company may a loss and a… read more
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We have a UK company, we bought some assets to test a commercial
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Hi. I am a non vat registered decorating business. I will be
Hi. I am a non vat registered decorating business. I will be close to the vat limit by the end of the tax year as I am most years. I want to go vat reg to take on more work and grow each year but my p… read more
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I am completing a CT600.pdf for submission to HMRC and need
I am completing a CT600.pdf for submission to HMRC and need advice for completing the P&L box AC34 and the the Statutory a/cs notes for taxation AC108 and AC327. From the error message I assume AC34 m… read more
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Hi, my question is about tax return and AIA. Fillig my
Hi, my question is about tax return and AIA. Fillig my tax return online i've got to a stage where I have to submit it but I still doubt if i've done it right. Lack of money stopping me from going to … read more
taxadvisor.uk
taxadvisor.uk
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Hi Sam, We have disposed of some plant the cost on the register
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I run a Livery yard and have built a new menage (All weather
I run a Livery yard and have built a new menage (All weather surface) for use of all the riders and horses in the yard. I have been told that I may not be able to claim the cost of building the menage… read more
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Is it true that Ltd companies dont have to pay any taxes in
Is it true that Ltd companies don't have to pay any taxes in the first year of opening? Also what is the maximum my ltd company can pay me BEFORE I need to start paying income tax and NIC? I am being … read more
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I act for a farming business trading as a a partnership. A
I act for a farming business trading as a a partnership. A wind turbine has been purchased for £60K and erected on land owned by the partnership. The turbine produces electricity for the farmhouse and… read more
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For the year to 31 December 2010, as a Ltd Company starting
For the year to 31 December 2010, as a Ltd Company starting in december, and previously iusing up my Personal allowances from paid employment, the following is my income and expenses for corporation t… read more
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Hello there, I am a bit confused regarding the annual investment
Hello there, I am a bit confused regarding the annual investment allowance for small businesses. I am in the middle of doing my tax return for 09/10.I have been self employed for few years.Acquired a … read more
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Hi. I have recently sold my business. (Assets & trading etc
Hi. I have recently sold my business. (Assets & trading etc I still have the Ltd co) how do I record the transaction in the company accounts? Thanks… read more
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Two sole traders have formed a limited company, both have sold
Two sole traders have formed a limited company, both have "sold" their vehicles to the company at the tax written down value. Can they claim AIA on the "purchase" of the vehicles or does the 20% capit… read more
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Hello I have some accounting and tax experience myself
Hello I have some accounting and tax experience myself although a little rusty. I am currently completing my year end accounts and corporation tax computations for my Ltd Company here in the UK. In pa… read more
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