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Author TAX advise. Limited Companies
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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8th Oct 08 at 13:17   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Robbo
If this is something you are seriosuly cionsideirng then you would be much better off goign into an accountants and seeign a proper tax specialist


Agreed, much better than getting advice off a vodafone working, white shoe wearing, southern monkey!

Robbo
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Registered: 6th Aug 02
Location: London
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8th Oct 08 at 13:20   View User's Profile U2U Member Reply With Quote

A qualified chartered and certified accountant who specialised in tax southern monkey thank you very much

In fact I think I've passed 5 tax exams in my time... scary!
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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8th Oct 08 at 13:21   View User's Profile U2U Member Reply With Quote

financial advisers be able to help, or are they more hooses/investing related?
Robbo
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Registered: 6th Aug 02
Location: London
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8th Oct 08 at 13:22   View User's Profile U2U Member Reply With Quote

Probably not tbh, their knowledge of corporation tax is likely to be limited but could always ask assumign you know of someone
Fad
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Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
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8th Oct 08 at 13:23   View User's Profile U2U Member Reply With Quote

Adam you have finaicial advisors who special in tax advice.

I would consider visiting an accountant who deals with taxation as their hourly rate will be more favourable.

Robbo I hated tax although passed all the three exams i took which was an acheivement!
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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8th Oct 08 at 13:24   View User's Profile U2U Member Reply With Quote

Depends on the company/advisor you use.

I know my Dad's whole company had whole divisions to work on tax matters like this - infact its what my Dad specialised in when he advised as used to be work for the revenue.
Robbo
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Registered: 6th Aug 02
Location: London
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8th Oct 08 at 13:25   View User's Profile U2U Member Reply With Quote

http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1073789275

Slightly better explanation of IR35 rules in laymans terms
Robbo
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Registered: 6th Aug 02
Location: London
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8th Oct 08 at 13:26   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Fad
Adam you have finaicial advisors who special in tax advice.

I would consider visiting an accountant who deals with taxation as their hourly rate will be more favourable.

Robbo I hated tax although passed all the three exams i took which was an acheivement!
I never minded tax tbh... im far better at questions where you can get to a set correct answer than one where its all opinion etc
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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8th Oct 08 at 13:29   View User's Profile U2U Member Reply With Quote

fuckin hate TAX...

Its a bloody joke how much NI i get stung for when i dont even really see where its all going
Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
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8th Oct 08 at 13:32   View User's Profile U2U Member Reply With Quote

I know when my father and I where restructuring the family businesses our financial advisors came up with all sorts of ways of reducing our annual tax bill, so I would suggest speaking with someone who understands the complexities of what you are trying to achieve.

Couldn't recommend these guys more highly.


St James's Place
Fee
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Registered: 16th Nov 05
Location: With AK
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8th Oct 08 at 13:38   View User's Profile U2U Member Reply With Quote

I don't know how you could really improve on Adam's though...he pays it, and then gets it all back in a nice lump sum every April/May
Robbo
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Registered: 6th Aug 02
Location: London
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8th Oct 08 at 13:39   View User's Profile U2U Member Reply With Quote

Why does he gte it all back? DUe to the amount of time hes out the country? In which case he should be paying tax in both the UK and other countries and claiming double taxation relief, but i guess he doesnt spend long enough in one partocualr country at a time eh?
Fee
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Registered: 16th Nov 05
Location: With AK
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8th Oct 08 at 13:41   View User's Profile U2U Member Reply With Quote

Something like seamans relief or similar, dunno
Out of the country a certain amount
Some wifey does it all for him
Fee
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Registered: 16th Nov 05
Location: With AK
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8th Oct 08 at 13:46   View User's Profile U2U Member Reply With Quote

http://www.hmrc.gov.uk/cnr/seafaq2.htm
Robbo
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Registered: 6th Aug 02
Location: London
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8th Oct 08 at 13:49   View User's Profile U2U Member Reply With Quote

nice!
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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8th Oct 08 at 18:54   View User's Profile U2U Member Reply With Quote

I've mailed my tax agent with some banter... see what she comes back with.
AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
9th Oct 08 at 08:37   View User's Profile U2U Member Reply With Quote

quote:
If you set up a Limited Company, then as a director you would still be eligible to qualify for the seafarer’s claim. However, we are not able to assist in setting up a Limited Company.



If you set up as a sole trader, you would not be eligible to qualify for the seafarer’s claim.


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