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Hello,
Client has retained profits in a UK trading company and intends to use approximately £250,000 to fund renovation of an overseas residential property that will be let.
I am reviewing the UK tax implications only and considering the most appropriate structure, including:
Extraction via...
I am the sole director of a limited company based in Scotland and I owe around £70k in corporation tax. In addition to this, my director's loan account is sitting at £30k and I owe around £60k in personal income tax.
I have spoken with Business Debtline who have essentially given me the same...
Hi,
My company has been losing money for the last couple of years and I’ve decided to close it down after the end of this financial year (which runs until 31st October i.e. a few days from now). We effectively stopped trading 4 months ago with no transactions since then (the Confirmation...
HMRC website states:
Small profits rate (companies with profits under £50,000)
19 %
Main rate (companies with profits over £250,000)
25%
What do companies with profits between £50k-250k pay?