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Related UK Tax Questions
Please, if person is non UK resident but he has in UK his
HElloPlease, if person is non UK resident but he has in UK his Ltd company and paying salary himself, does he have to pay tax on his first £6-£8K ? I mean does he have any salary tax free allowance or… read more
Sam
Sam
Accountant
Higher Officer HMRC
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I would like to ask. I have Ltd in which I have to pay 10%
HelloI would like to ask. I have Ltd in which I have to pay 10% management franchising fee on sales made. I have director loan account balance around £10K DR (meaning that my Ltd owes me this money, s… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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Please, can you advise? If director is paying salary to
Hello Please, can you advise? If director is paying salary to himself :gross £1017.90 every month, does it mean that he will get higher pension in the future? As I was advised that standard amount to … read more
bigduckontax
bigduckontax
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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
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I have just paid Corporation Tax for first time Directors Remuneration
I have just paid Corporation Tax for first time Directors Remuneration included how does HMRC know which one earned which amount and does this mean I can close their Self Assesment… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,088 satisfied customers
Hi, I have just started a ltd company, I am the only director
Hi, I have just started a ltd company, I am the only director and shareholder. I want to remain self employed, is this possible? I have a young child and so am hoping to receive working tax credits as… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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Hi mark, Continuing on from previous conversations and advice,
Hi mark, Continuing on from previous conversations and advice, I have been contracting for over a year as a Ltd company,carrying out a series of contracts, I completed my first set of accounts at 31 D… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Can i submit personal tax for a limited company of 2 directors
Can i submit personal tax for a limited company of 2 directors by myself without an accountant? if an accountant is involved would it help to save any tax as we are a brand new company started in 2011… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,106 satisfied customers
Male married 45 live work Italy past 6 years. Is Director of
Male married 45 live work Italy past 6 years. Is Director of own Italian Company pays taxes and NI in Italy. He also Director of an English Ltd. Any income from this company is declared world wide inc… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,106 satisfied customers
hello. if a director is the only employee of a private ltd
hello. if a director is the only employee of a private ltd company. what tax does he pay. does he pay corporation tax on his profits (disallowing his drawings) or should he pay income tax on his drawi… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,088 satisfied customers
One of my sons owns a small Ltd Company - they submit end of
One of my sons owns a small Ltd Company - they submit end of year accounts and pay Corpoartion Tax. He draws a small regular salary and pays tax and Nhi on this salary. At the endof the year he draws … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,088 satisfied customers
if a company registered in u.k has one employee i.e. director
if a company registered in u.k has one employee i.e. director living overseas on contract for company what is the director"s and company tax position . Re corporation tax and directors salary the comp… read more
Sam
Sam
Accountant
Higher Officer HMRC
14,896 satisfied customers
On 1/12/08 we transferred our business into a limited company
On 1/12/08 we transferred our business into a limited company and there was £30K of goodwill transferred to the Limited Co which our accountant advised we could draw tax free (tax paid). Ufortunately … read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
Hi I do my own Ltd company accounts and I have quite a few
Hi I do my own Ltd company accounts and I have quite a few questions about tax and share ownship of the company is this something you can help me with… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I am a director of a small company turnover 35,000 together
I am a director of a small company turnover £35,000 together with my daughter. We are the only directors and shareholders. The company is run by daughters husband who signs on account and has credit c… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
my company paid to my wife in tax year 08/09 6k salary but
my company paid to my wife in tax year 08/09 £6k salary but the company did not pay any NI nor did the wife. Mi wife has no other earnings at all that year. What are the consequences of this frm Inlan… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 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
I run two busineses one as a sloe trader and one as a ltd company.
I run two busineses one as a sloe trader and one as a ltd company. The sole trader account is for farming and the ltd for machinery dealing, which is the best one to take a salary from?… read more
Sam
Sam
Accountant
Higher Officer HMRC
14,896 satisfied customers
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