Divi tax for next year

[captainham]

This isn't anything to do with the LTD marlarky this is personal tax. First golden rule is to understand what is company money and what is personal. Speed up your plans a bit more.

In the context I meant, there is no difference, i.e., I wouldn't have to be paying divi's/doing SA if I hadn't left the permie world and set up a Ltd Co.


Got all excited there at the prospect of my first NLUK drubbing, but looks like I'll need to keep plugging away before I get that first true public spanking

[escapeUK]

.. so I think this means I don't need to worry about this for the current tax year.

You dont, and as long as the extra tax you need to pay is less than a £1000 you dont need to pay on account next year either. So that gives you a bit more room to play with.

[northernladuk]

In the context I meant, there is no difference, i.e., I wouldn't have to be paying divi's/doing SA if I hadn't left the permie world and set up a Ltd Co.


Got all excited there at the prospect of my first NLUK drubbing, but looks like I'll need to keep plugging away before I get that first true public spanking

Keep asking a load of strangers on a public board basic questions you should be asking a decent accountant to explain to you and it will be forthcoming I am sure

[captainham]

You dont, and as long as the extra tax you need to pay is less than a £1000 you dont need to pay on account next year either. So that gives you a bit more room to play with.

Indeed, I see now, thanks: Self Assessment: Payments on account - FreeAgent

Keep asking a load of strangers on a public board basic questions you should be asking a decent accountant to explain to you and it will be forthcoming I am sure

But I've got Google, you and the rest of CUK, what else do I possibly need?!

[malvolio]

Indeed, I see now, thanks: Self Assessment: Payments on account - FreeAgent




But I've got Google, you and the rest of CUK, what else do I possibly need?!

A hell of a lot more knowledge then you have right now. Or a lot of luck. You choose.