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Basic question regarding new Limited Co and tax

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    #11
    Originally posted by MarkusB View Post
    Or do I need to do a Personal return for invoices during the period before company (Apr - Aug) and then also a company return for company invoices Aug-Apr?
    Following up on what jamesbrown said, your personal tax year runs from Apr-Apr, while the company's tax year will run from Sep-Aug. That means that you'll still need to do a SATR as normal after Apr 2025, which includes any sole trader income and any income you get from the limited company (salary/dividends). Your company will also have to submit its own year end accounts after Aug 2025, and you'll need an accountant to help you with that.

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      #12
      Originally posted by northernladuk View Post
      Why don't you have an accountant?
      In fairness, that would be a bit premature if the company doesn't exist yet (and won't exist for another 6 months).

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        #13
        Originally posted by hobnob View Post

        In fairness, that would be a bit premature if the company doesn't exist yet (and won't exist for another 6 months).
        That's fair but finding one and getting some advice upfront on the promise of business from August could save him time and problems.
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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