Hi everyone, first post so be nice. I have really looked at the other related entries and cannot find something specifically similar.
I currently make a claim for motoring expenses and split between business and private use. Only 20% is business use - it changes each year between 15...
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Timing of Electric car purchase
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IR35 any additional taxes to those deducted at source?
I think it's likely that I will soon be deemed to be within IR35 so will be paid my invoices minus income tax and NIC. But what does this mean for corporation tax?
If my Ltd company continues to pay me a personal salary of minimum wage, then I will still be accumulating profit and have...
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Closing company - capital gains v income - if not claiming ER?
Hi all,
Apologies if this has already been answered as I imagine it's a fairly common question but I couldn't find the exact answer I was looking. Perhaps I'm just not very good at searching the forums!
My current situation is I have two Ltd companies:
Old...
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Moved out from the UK and closed my company but not sure where my dividend tax will b
Hi everyone
I'm non-UK national who used to contract for the past 5 years in the UK via a limited company. During this time I accumulated money in my company's. I moved out of the UK in May to Malta.
I went in through SRT test with a tax residency professional who confirmed...
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Contract Clauses - Not sure what they mean
Hello, I wonder if anyone can provide some guidance.
I've just received a contract with the following two clauses:
A: "The Company(The recruitment agency )shall be entitled to withhold from any payment due to the Supplier under this Agreement any sum that it may in...
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Starting limited company with existing PAYE earnings from previous job
I started my first contract in September and have just received my first invoice payment, phew!
My earnings from permanent job salaries since April this year come to £26.5k, and for some reason my tax code was changed earlier in the year down to 108T which means I have hardly any tax...
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Income tax refund - money in business bank account
Following completing my self-assessment I don't need to pay as much tax as I thought.
This money is currently sitting in my business bank account where corporation tax and income tax accumulate as my company earn and pay myself. Question is, now I know how much personal tax I'm due,...
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What's the point in setting up a company and paying dividends?!
Ok I have read and re-read guidance and posts on this site and I still don't understand... sorry..
We have 2 directors/shareholders, one earning £20k p.a. and the other £40k p.s. in their full time jobs. We rent a house for holiday lettings and have set up a company for that purpose. At the...
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Income Tax Return for Spouse
Hi Guys,
Have this query around filing income tax returns for my spouse.
I am contractor and director within my own limited company with 90% stake. My wife is a 10% stakeholder.
I pay her out a salary of around 10K from the company and nominal dividends@10% through the year....
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Venture Capital Trusts
Hi,
I'm a contractor working through my own limited company and I'm currently going down the minimum wage/dividends up to the higher rate tax threshold route. I'd like to take some more money out of the company via an additional dividend but I'm not keen on paying the 25% extra in tax...
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