I am looking to establish a UK Pvt Limited Company -
just a couple of questions that I need help with
before I'm on my way. Firstly, the business being
established in an online (subscription based)
newsletter. Expected sales in the first year will be
around £40,000. My questions are: 1) Would I need to
register for VAT? 2) I have limited use for a
conventional bank account, since all my business is
carried out online, and I could conduct all business
over the internet. Opening Moneybookers and Paypal
account is fairly simple. Of course, if the
procedure for opening a conventional account is
simple I would do so. So my two questions are: 1) Is
a business bank account required by law, and must it
be in the UK? 2) Would my physical presence in the
UK be essential to opening such an account? Cheers. |
30.05.2007 Gaurang (India) |
 Answers
provided:
- After
your
turnover
exceed
68.000
pounds
-
VAT
registration
apply.
- Corporate
(business)
bank
account
can
be
ANYWHERE,
in
ANY
COUNTRY
of
the
World.
- We
can
open
for
you
a
corporate
bank
account
in
the
High
Street
Bank
(eg.
HSBC),
IF
YOU
WANT,
without
your
presence
here.
|
31.05.2007 Sergio (Operator, FTI) |
|
Can non-UK residents hold Proprietorships (unlimited
liability companies). If so, would income on such
activity simply be treated as resident income? |
10.05.2007 Mr.S.Patel (India) |
Where
no restrictions by citizenship or residency for a
proprietorship of any type of the UK companies.
To be in title to pay only tax on your income,
please register LLP. |
11.05.2007 Sunil (Accountant,
Bushey & CO) |
|
Are the charges mentioned on mail forwarding
for Economy or Priority mail. For mail forwarding to
India, what would the priority mail charges be? |
08.05.2007 Mr.S.Patel (India) |
|
All our
charges for mail forwarding on the basis of Priority
mail. |
09.05.2007 Anu (Operator, FTI) |
|
I
can't have access to payment when LOG-IN. The final
payment page show "you to pay £0.00". What can I do? |
06.05.2007 Adalia (Hamburg, Germany) |
|
Go to payment page and insert amount of payment by yourself. Do not forget to put your company name in Notes. |
06.05.2007 Sergio (Operator, FTI) |
I
have received from Inland Revenue the Corporate Tax
New Company details form. I am asking if in your
services you provide accounting services , if yes
how much will it cost annually.
Thank you for your cooperation
Best Regards |
03.05.2007 Henriette (France |
|
If
you wish, our company can be officially declared as
your representative. All you need is to put our name
on it, sign and send to us. |
04.05.2007 Miss A.Beeharry
(Bookkeeper, FTI Bookkeeping Services Limited) |
|
I
wish to setup a company with the word 'Group' in the
title. Can you offer me electronic incorporation
with nominee secretary services for £20? |
01.05.2007 Boris (Russia) |
|
No.
Our price will be £25 and you need explanation about
why word "Group" in your company' name. |
02.05.2007 Anu (Operator, FTI) |
|
Can
you give for our Ltd company estimation how much it
will be cost per year managing our tax in the UK and
financial account? |
29.04.2007 Garry (Belgium) |
|
Schedule of fees:
| |
VAT computation and bookkeeping |
Accounting and statutory accounts preparation |
| Monthly less than 10 transactions |
£50 per month |
£500 per annum |
| Monthly less than 20 transactions |
£80 per month |
£750 per annum |
| Monthly less than 50 transactions |
£140 per month |
£1000 per annum |
|
|
I need to register company with word EUROPEAN in
it. Can you help me? |
18.04.2007 Miroslaw (Poland) |
|
At the end of the application process you will be
asked to put any additional information. Explain why
word EUROPEAN most suitable for your company and
Registrar will accept it. Example: “We serve Polish
tourist in Belgium and other countries in Europe." |
20.04.2007 Sergio (Operator, FTI) |
|
Why
everyone say what England has low taxes in Europe? |
14.04.2007 Abriana (Italy) |
|
@ if all operations are controlled and managed
outside the United Kingdom - they are not taxable in
the United Kingdom. By controlled means that
Directors and Shareholders - not residents in the UK
@ dividends + salary up to 32.000 are not taxable
@ all dividends paid to foreigners are not taxable
in the United Kingdom
@ 0% on taxable profits up to 10.000
@ 19% on taxable profits up to £300,000, and 30%
thereafter. |
15.04.2007 Narain (Qualified
Accountant, FTI Bookkeeping Services Limited) |
Hi
Everyone!
My
questions
may be
interesting
for ALL:
- The
question
is:
italian
"vat
number
(partita
iva)"
or
LTD
in
England?
- I
prefer
the
second
choice,
but
I
need
to
know
the
procedure
for
getting
an
LTD
and
everything
regarding
tax,
bank,
vat
numeber,
and
so
on.
- in
the
case
of
an
english
LTF
I
can
work
also
with
other
european
suppliers?
I do
hope you
can help
me
Best
regards
Abriana |
10.04.2007 Abriana (Italy) |
THE
ANSWERS
ARE:
- It
doesn't
matter
in
which
country
of
Europe
English
LTD
is
registered
for
VAT.
If
the
annual
turnover
is
expected
to
be
over
£61,000
in
the
first
twelve
months,
the
UK
Company
needs
to
be
VAT
registered
here.
If
the
company
is
also
operating
from
Italy
, it
may
have
to
set
up a
branch
there
or
register
locally
there
for
VAT
purposes.
The
easy
way
to
setup
everything
in
England:
bank,
accounting,
VAT
Returns.
This
way
if
all
operations
are
controlled
and
managed
outside
the
United
Kingdom
-
they
are
not
taxable
in
the
United
Kingdom.
- You
can
work
with
European
supplies
and
claim
your
VAT
Returns.
|
12.04.2007 Sunil (Accountant,
Bushey & CO) |
Hello FID Trust Managers!
Good site
Katalin Jakabne |
05.04.2007 Guest (Hungary) |
|
FID Trust is pleased with activities of all visitors and customers in the
Guestbook.
Just one concern:
PLEASE USE CONTACT US
PAGE for details of
orders, special requirements and so on.
It doesn't mean that if you want to know other visitors about how to solve
problems, you can not use the Guestbook. |
02.04.2007 Narain (Manager, FTI) |
