This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 95 matches

Go to advanced search

by demetris
Sat Jun 28, 2003 3:59 am
Forum: Income Tax
Topic: Grossing Up table for personal taxation
Replies: 2
Views: 3267

if you wish, send me the details and i will work it out for you.

Demetris Savva BA FCCA
constantinesavva@accamail.com
http://www.tax-accounting-london.info
by demetris
Fri Jun 27, 2003 10:00 am
Forum: Business Tax
Topic: Reduction of profits
Replies: 1
Views: 1615

<r>I am afraid the information you gave is inadequate as I have no info on each shareholders' income levels, methods of profit extraction from the company and their circumstances.<br/> <br/> If you are interested in me sending you our newsletter on profit extraction, which is in plain language, plea...
by demetris
Wed Jun 25, 2003 8:05 am
Forum: General
Topic: Family Tax Credit
Replies: 2
Views: 1401

<r>It would be adviceable to make a provisional claim online prior ro the 7/7/3 so that, at least you don't lose any entitlement from the start of the tax year, given that claims can only be backdated 3 months. Later on you can resolve what needs to be resolved.<br/> <br/> Demetris Savva BA FCCA<br/...
by demetris
Fri Jun 20, 2003 8:06 am
Forum: General
Topic: Give money to a friend
Replies: 1
Views: 1274

<r>If the money is given as a gift, there is no inheritance tax implications up to £3,000 pa. <br/> <br/> If it's a loan, there are no tax implications for either.<br/> <br/> In all cases your friend should be able to prove that the money is not her income, otherwise she will be taxed on it.<br/> <...
by demetris
Fri Jun 20, 2003 8:01 am
Forum: General
Topic: Further education and self employment
Replies: 1
Views: 1100

<r>Training costs are an allowable business expense that can be offset against your business income in the year incurred.<br/> <br/> Demetris Savva BA FCCA<br/> <URL url="http://www.tax-accounting-london.info">http://www.tax-accounting-london.info</URL><br/> <EMAIL email="constantinesavva@accamail.c...
by demetris
Thu Jun 19, 2003 8:45 am
Forum: Income Tax
Topic: UK resident working for offshore company
Replies: 1
Views: 1395

<r>If you are a UK resident individual you are liable to UK income tax on your income that arises worldwide.<br/> <br/> Demetris Savva BA FCCA<br/> <URL url="http://www.tax-accounting-london.info">http://www.tax-accounting-london.info</URL><br/> <EMAIL email="constantinesavva@accamail.com">constanti...
by demetris
Thu Jun 19, 2003 4:04 am
Forum: Company Taxation
Topic: Trading vs non-trading tax
Replies: 4
Views: 2291

<r>the answer is no- you cannot offset trading losses against interest; therefore, a small tax might be due.<br/> <br/> Demetris Savva BA FCCA<br/> <URL url="http://www.tax-accounting-london.info">http://www.tax-accounting-london.info</URL><br/> <EMAIL email="constantinesavva@accamail.com">constanti...
by demetris
Wed Jun 18, 2003 10:12 am
Forum: Company Taxation
Topic: Trading vs non-trading tax
Replies: 4
Views: 2291

the answer is yes. Interest received cannot be used to offset trading losses.

Demetris Savva BA FCCA
http://www.tax-accounting-london.info
by demetris
Tue Jun 17, 2003 10:08 am
Forum: Income Tax
Topic: Freelance designers tax as second income
Replies: 3
Views: 2022

<r>Yes, you can be both an employee and a self employed person (having your own business) at same time.<br/> <br/> About what the best way to go is from a tax point of view, I can only say that, depending on your total income and the profit of your company, you might happily in a position of not hav...
by demetris
Tue Jun 17, 2003 4:11 am
Forum: Income Tax
Topic: Freelance designers tax as second income
Replies: 3
Views: 2022

<r>First of all you need to decide whether you will be trading either in your own name or as a limited company. Depending on your decision, there might be tax savings. <br/> <br/> Second, you need to register with the tax authorities. There are various fines for late registration, non-filing in time...

Go to advanced search