UK Tax

UK tax questions? Ask a UK tax advisor for answers ASAP

Connect one-on-one with {0} who will answer your question

Related UK Tax Questions
Would like to ask, if person sells his Sole Trading business
HelloWould like to ask, if person sells his Sole Trading business to LTD for example for £100 000, then does his LTD needs to pay any Corporation Tax , and does he needs to pay any dividends tax in fi… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,305 satisfied customers
Please, can you tell me? My friend is director of Ltd but he
HelloPlease, can you tell me? My friend is director of Ltd but he is not on PAYE and he only declared salary last year - around £5000. Can he apply for some support? Thank you… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
Please, can you help me to understand what Rishi Sunak just
HelloPlease, can you help me to understand what Rishi Sunak just said about help for self-employed? So he said: " HMRC will use the average trading profits from tax returns in 2016-17, 2017-18 and 201… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,305 satisfied customers
Please, can you advise? My friend has Ltd. He would like to
HelloPlease, can you advise? My friend has Ltd. He would like to pay her daughter (20years old) some money for admin help. Daughter is still studying at university. How much can he pay her so there wo… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 satisfied customers
Please, can you advise? My friend just set up Ltd and he is
HelloPlease, can you advise? My friend just set up Ltd and he is setting up RBS bank account. We are stuck with this question, please, could you see attachment and advise? (it is normal UK based and U… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,305 satisfied customers
HiI would like to doublecheck. My friend has Ltd company (he
HiI would like to doublecheck. My friend has Ltd company (he is director there). His final year end will be 31/08/2020. He is thinking of taking salary for himself from now. Can he take first £6000 ta… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
My friend has Ltd. He made profit around £5000, so he is
HelloMy friend has Ltd. He made profit around £5000, so he is having around £4000 of his dividends. Now he has been taking out some money already (paying for non business items) from his DLA account, … read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 satisfied customers
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
Accountant
FCCA FCMA CGMA ACG
1,305 satisfied customers
Please, can you advise? If my Ltd company financial year
HelloPlease, can you advise? If my Ltd company financial year started on 01.06.2018 and I asked my accountant to close it in July 2018, did he have to wait till 31.05.2019 to close it or could he just… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,305 satisfied customers
My friend has Ltd company. She is trying to buy house. She
Hello My friend has Ltd company. She is trying to buy house. She would like to ask this: "My deposit for the house is slightly higher than I expected. I could take this money out from company's loan I… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 satisfied customers
I also would like to ask you about my other friend. He is a
Hello I also would like to ask you about my other friend. He is a truck driver and is starting up business. He is deciding between sole trader or Ltd (his annual turnover is around £30 000). He wonder… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 satisfied customers
I would like to ask. Friend (director of Ltd) is asking what
I would like to ask.Friend (director of Ltd) is asking what figures should he exactly include on his self-assessment? Oh his P60 it is income £20 851 gross (tax 1868). His company made Net profit of a… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 satisfied customers
I am bookkeeper and my client is asking, what is better for
Hello I am bookkeeper and my client is asking, what is better for him: staying as a sole trader or changing into limited company? His profit is around £30 000/y and he really doesn't have any expenses… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,305 satisfied customers
i have a ltd company i own all the shares i have taken wages
i have a ltd company i own all the shares i have taken wages to the threshole and have 49 000 after my corparation tax if there a better way of me taking all the money out than just writing divenends … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi, I am starting up a small business in childrens parties. Could
Hi, I am starting up a small business in childrens parties. Could somebody explain the difference between setting the company up as sole trading or a limited company? I know with one you can claim tax… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 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
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 satisfied customers
As a sole trader of two business,s the first making profit
As a sole trader of two business,s the first making profit approx£100,000 per annum the other no profit most probable loss shortly becoming charity any day. How can limit the tax paid on the £100,000 … read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,218 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
6,699 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Sam

Sam

Accountant

6,699 satisfied customers

26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

bigduckontax

bigduckontax

Accountant

1,305 satisfied customers

FCCA FCMA CGMA ACIS

TEAP007

TEAP007

Tax Preparer

759 satisfied customers

Fully Trained Inspector of Taxes / District Inspector/ Team Leader/ Offshore Consultant/ 41 years

Andrew Baker(baktax)

Andrew Baker(baktax)

Personal Tax Adviser

756 satisfied customers

35+ years experience in income tax, CGT, non-residence

berduchwal

berduchwal

Accountant

669 satisfied customers

Qualified accountant and bookkeeper running my own practice since 2008.

Clare

Clare

Solicitor

149 satisfied customers

25 years exeperience as a high street solcitor

Mrs-Tax

Mrs-Tax

Tax Adviser

59 satisfied customers

Law Degree, 19 years in UK Tax.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x