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  1. #21

    Super poster

    greenlake is a fount of knowledge

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    Quote Originally Posted by jamesbrown View Post
    Seek divine intervention.

  2. #22

    Still gathering requirements...

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    Quote Originally Posted by jamesbrown View Post
    Seek divine intervention.
    does not help the discussion -does it?

  3. #23

    Still gathering requirements...

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    Quote Originally Posted by zeitghost View Post
    And he/she/it is still a limited company 11 months later.

    How curious.
    ..other priorities perhaps...!!

  4. #24

    Double Godlike!

    stek - scorchio!

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    Come to Ireland, CT is 13%.

    No dividends tho....

  5. #25

    I live on CUK

    SueEllen is a fount of knowledge

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    Quote Originally Posted by abc111 View Post
    does not help the discussion -does it?
    Some people find praying helps them feel better....
    "You’re just a bad memory who doesn’t know when to go away" JR

  6. #26

    More time posting than coding

    BR14 has more data than eek

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    Quote Originally Posted by SueEllen View Post
    Some people find praying helps them feel better....
    or calling international rescue.....................be just as efficacious IMHO

  7. #27

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    greenlake is a fount of knowledge

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    Quote Originally Posted by BR14 View Post
    or calling international rescue.....................be just as efficacious IMHO
    ....especially when the low-budget version of Thunderbird 2 arrives on your doorstep....


  8. #28

    Godlike

    jamesbrown - scorchio!

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    Quote Originally Posted by abc111 View Post
    does not help the discussion -does it?
    There's a discussion?

  9. #29

    Some things in Moderation

    cojak - scorchio!

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    I'm not inclined to move this thread.

  10. #30

    Contractor Among Contractors

    ladymuck 's job has never been outsourced

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    Quote Originally Posted by chopper View Post
    I hope you're not using 20% as your FRS rate. If you're a contractor then you'll be using the 13.5% FRS rate. If you have much in the way of expenses (and expenses are the only way to reduce your CT and VAT bills) then you're best on standard VAT, not Flat Rate VAT.
    16.5% from April 2017 - I suspect the OP doesn't do a lot of buying products for resale.

    If you really, really want to not pay any VAT or CT then...

    1. De-register from VAT. By not charging VAT, you don't have to pay any over to HMRC.
    2. Run YourCo at a loss. By not making a profit, you won't have to any any CT over to HMRC.

    1. is only possible if your turnover is low. 2. means you have to extract funds by PAYE as you have to have sufficient funds in your reserves or else any dividends will be illegal.

    HTH
    I reject your reality and substitute my own - Adam Savage
    Me on LinkedIn | 15% off your first year's IPSE membership

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