Technicially, the only way you will be able to register your business is by incorporating your business into a company. It would be best to discuss this with an accountancy firm, using expected annual profits and proposed tax rates.You can set up a company yourself:http://www.stanleydavis.co.uk/company-fo��Would cost you around ��40.As a self-employed sole trader, your first ��40k of profits is taxed at 20% + 11.8% National Insurance, Anything over ��40k is taked at 40% and anything above ��150k is taked at 50%.With a company, the companys profits are taxed at 21% (up to ��300k) As you can see, depending onyour profit levels, it may be a taxable benefit to set up a company.
Tuesday, April 2, 2013
Self -employed Can i register my trading name for free uk? -
Hi i have been self employed for 6 months can i register my trading name ie the name i use on my van for free I have done a search in my area there is no one with same name I m a self employed joiner any info will be great
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