It's all a bit of a minefield for a non-accountant learning as they go - NIC payments, £2k NIC allowance, corp tax, income tax etc.
Have just spent 1/4 of an hour on hold trying to get through to the agent help line. Same thing the other day too. I guess they have decided we no longer need priority treatment and can wait ages
I currently live in the UK and run my own small business.
Let us assume, for the sake of this question, that my client is liable to a penalty for carelessness in his tax return with an undisclosed error, so 15% penalty being charged.
I am preparing a CT600 for a company which manages and sub-lets a leased property for profit. I am unsure whether to call it a trading company and select 0 on the 'Type of Company' page or select
I have a client who had a gap between 2 rounds of self employment.
The gap was 4 years. One year no work and 3 years under PAYE and provable as such.
A huge number of VAT and Tax penalties are issued and appealed each year. Few of the decisions raise any significant point of wider significance. But, Total Technology (Engineering) Ltd.
I have a client who has owned and run a residential lettings 'business' for some thirty years. The portfolio consists of six properties, and totals 14 lettable units.