Sole trader Vs Limited Company

Does anyone have advice on someone who is going to be running a chauffeur and Taxi business with a turnover of about £30,000 per annum.  There will be a limo and a taxi brought into the business as assets, as I have been asked if he should start as a sole trader or set up a Limited company.  Which would be the most tax efficient method?

I also wanted to know how the treatment of vehicles differ, depending on how he sets his company up. 

Many Thanks

Carolynne 

Comments
There are 5 comments. Login or register to view them.

see an accountant

Anonymous |

Interesting point on the vehicles

Nichola Ross Martin |
Nichola Ross Martin's picture

it would appear that you need some assistance

dbowleracca |
dbowleracca's picture

Response to D Bowler (Sole Trader Vs Limited)

Carolynne |

licence

Anonymous |