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Lloyds TSB offered me a business account in September, they said it was completely free but I found out later it was only for the first 18 months. Come to think of it, I need to cancel it seen as I've never really used it. (0.08p interest built up, yaa!)
I see. A friend of a friend opened up a shop front a few years back and he claims he hasn't paid a penny in tax in 18 months! His accountant put him into this class apparently. He said hell ask his accountant what it is he classed him as but this was ages ago.
I hate it when people are never...
Hi, Ive Googled a bit but I cant seem to find any concrete information in regards to this.
Is it true if you start up a new business that there is a tax free period for a couple of years before you have to open up your books? Apparently it was set up so new businesses can get a chance...