We are a UK Ltd company with 2 directors. We have a business bank account set up. We have spoken to lawyers and managed to obtain all necessary documentation. It's an exciting time!
The investment amount is not huge, but is important for our future.
I am in the process of looking for an accountant, but until then we are in the dark on this one. The investor wants to send the money over now, and we want to accept! But if the investor say deposits £1,000 into our business bank account, do we have to pay tax on that?
How do we declare it on tax returns? We obviously don't want to pay tax on it, does it count as income because the investor is receiving 10% of shares in return?