Can anyone offer any tax advice with regards the following situation;
I've been registered as self employed for 9 years but not completed tax returns. In that time I've earned between 8k and 15k a year.
Two non UK residents formed an UK LLP. All sales in the first year were Non-UK. LLP has been given UTR, but partners don't, as both are non residents.
With the change of Tribunal rules a few years ago, the automatic right to costs in the event of a successful Appeal was abolished.
I am at the start up phase of a business and still have a lot of research and development work to do.
I am developing a website.
My client is a UK sole trader operating 4 guest food inclusive barge cruises aboard a UK registered narrowboat on the canals in France, Turnover is circa £150,000.
I have an offer from a family member who is willing to be an unpaid director.
Do I have to pay them something? eg; minimum wage at least which is £6.31 or a lump sum.
I am at the early stages and considering forming a personal investment company, depositing up to £50,000 as a loan to it so it can invest in other companies and (upon their sucess) receive dividend
Wondered if anyone has any knowledge on Australian tax?
I'm fairly sure I know that answer to this but can't find anything absolutely definitive so would appreciate some clarification from the brains trust: