Tagged Questions

0
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0answers
10 views

Does a US Vendor (with subsidiary in the UK) who sells to a UK customer need their VAT number

We are a US based company with a subsidiary in the UK. If our US company is selling directly to a customer in the UK, are we required to get their VAT number?
1
vote
2answers
97 views

Do I need to pay tax on shares earned?

I am working on a project in my spare time with a friend. The project has the potential to make money in the future. We want to run the project democratically and non-hierarchically. We have decided ...
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1answer
78 views

UK tax on US software company

This was partially addressed in another question, International tax on digital products for a US company , however, I'm still unclear as to what I need to do if the UK removes this threshold next ...
0
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1answer
83 views

How to compare contract rates with permanent rates, in UK

I am thinking of contracting, but do not know how to compare contract (inside and outside IR35) with permanent rates, within the United Kingdom (specifically England). So far I have considered: That ...
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vote
2answers
199 views

Starting a Business

I wish to start a business within the UK, which will be an online venture. However, I am unsure of a few things. Firstly, I know I will have to pay income tax, assuming it reaches the threshold of ...
0
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1answer
92 views

The correct prefix for a UK UTR?

What's the correct country code/prefix for a UK unique taxpayer reference I should give in an invoice when supplying services overseas? I suppose it's simply UK, but I couldn't find anything about it ...
0
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1answer
102 views

US Citizen Being a Member of a UK LLP?

Suppose a US citizen becomes a member of a UK LLP, along with 2 other foreigners (non-US citizens). Assume each one of the three has a 33.3% share in the UK LLP. The LLP starts working, and has a ...
0
votes
2answers
56 views

How customs and other documents are cleared , while receiving or sending

We have recently planned to launch an eCommerce Store. We have certain products which which we want to ship to the international market too. But when I choose to ship items individually it cost me a ...
3
votes
2answers
204 views

Can I claim back in expenses costs of my uni degree?

I've registered a UK limited company which is going to sell online language courses. Can I claim back in expenses costs of my university degree, if the degree is highly correlated with what my company ...
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3answers
185 views

Can I myself have two contracts with my own UK ltd company?

I'm soon going to register a limited company in the UK. I know that any ltd company is a separate entity, and if I want to get paid from the company I'll have to be employed as its director. However, ...
2
votes
2answers
153 views

Freelance work whilst in Full Time employment and Taxes

I am a Software Developer and I live and work for a company in the UK and pay PAYE taxes and NI Contributions through my wages for this jobs salary. I am looking to start working on a couple of ...
3
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2answers
189 views

UK Taxation: Do you need to pay tax on revenue gathered from advertisements and donations

I have a plan for some software / services that I believe can generate some cash through advertisements, selling 'pro' versions of the application in their respective 'app stores' and through ...
5
votes
3answers
181 views

Does using Fulfilment by Amazon in a different country makes you liable to charge local sales tax in the country?

My business is in Canada. I sell goods online that I ship by mail. I would like to use a fulfilment center in the UK to lower the cost of shopping for my european sales. Do I become liable for local ...
2
votes
3answers
127 views

Sole trader loan

I am thinking of becoming a sole trader. I know as a sole trader I am liable for any debt the company has. Can I place money from my personal account into the business account to start it off? I wish ...
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vote
2answers
118 views

UK limited company exit mechanism

Can anyone tell me the mechanism by which a UK technology business is acquired? Does the acquirer usually buy: all the outstanding shares in the limited company, or, all the assets and liabilities ...
3
votes
2answers
250 views

UK one-man software house Ltd - should director have employment contract?

Scenario: A one-man, self-funding software developer with a software-licensing business model. Startup is self funding with no revenue anticipated for at least 1.5 years. My query relates mainly to ...
2
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2answers
201 views

Extract tax efficient earnings for owner

So, I know this is a question probably for my accountant, but I want to do a little research myself. What is the most tax efficient way to extract earnings as an owner..? I have a small startup that ...
0
votes
1answer
118 views

UK taxation of startup gain due to IP

I learnt today that if an author assigns copyright of his book to a publisher for a fee, the net revenue is taxed as income, not as capital gains. On the other hand, one would normally think "Capital ...
2
votes
1answer
203 views

Bootstrapping UK startup tax, VAT and Tax Credits?

I am on the verge of quitting my day job to work full time on a startup, solo initially. It seems that I could become eligible for a swathe of UK tax credits. These are pretty lucrative but they are ...
4
votes
2answers
340 views

UK Tax for Online Startup Software Company

I currently work full time for a private company and am considering on starting up my own online software company by forming a private limited company. I had a few questions: I've noticed that the ...
4
votes
5answers
2k views

Options for hiring Indian workers directly

My core aim is to hire people directly in India (Delhi) and spend a lot of time there myself (I am a British person with a British passport). I am interested in knowing what are the best options for ...
2
votes
2answers
41 views

Is there any way to predict how competent authorities will decide tax treaty issues beforehand?

I have been studying the UK/US double tax treaty and it's explanation in anticipation of the creation of a US subsidiary wholly owned by a small internet-based company in the UK. It seems as though ...
1
vote
3answers
395 views

Can an LLP be formed as a wholly owned subsidiary of a UK company?

I'm currently researching how to go about creating a US subsidiary of a UK company. One of the people involved in the business wondered if it would be possible to use an LLP to do business in the US. ...
2
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2answers
139 views

UK budget changes June 2010 - move from umbrella to startup own company?

I've been freelancing as a software engineer for a couple of years using an umbrella company. At the time I started, the consensus was that it wasn't worth the effort setting up your own company. In ...