Another Background Tax Increase

Mr Bump

Mr Bump

From under the bridge
Suspended / Banned
Messages
10,944
Name
Sophia aka Paul
Edit My Images
Yes
Just went to file my confirmation statement for my limited company online
and increased from £13 last year to £34 for a couple of keystrokes
accoding to goggle there are over 5 million ltd companies in the uk so thats a decent wedge of cash
 
I managed to do both of mine before it went up earlier this year. It was a Conservative parting shot I think.,
 
hopefully the last one for my my ltd co ceases end of the month
 
There are all sorts of stealth taxes here in France. You are not allowed to wash vehicles at home at the risk of a €400 fine. That costs me €8 per week to have the car washed to a much lower standard than if I do it myself at home. I have to pay over €200 a year as my address is registered to my business. Even though all my work is done at my customer's location. My bank charges me €50 per year as I have to register a bank account that is unique to my business even though I am basically a one man band and the only outgoings are fuel for the car, vehicle insurance and the income tax payable on earnings.
 
Every where I look, prices are going up. Surely the official inflation figure is wrong.
 
Spy said:
Every where I look, prices are going up. Surely the official inflation figure is wrong.
Click to expand...
Depends on the product only things in the inflating calculation are only taken in to consideration if you look it up it's like about 200 things and stuff gets added and removed each year
 
Clive K said:
There are all sorts of stealth taxes here in France. You are not allowed to wash vehicles at home at the risk of a €400 fine. That costs me €8 per week to have the car washed to a much lower standard than if I do it myself at home. I have to pay over €200 a year as my address is registered to my business. Even though all my work is done at my customer's location. My bank charges me €50 per year as I have to register a bank account that is unique to my business even though I am basically a one man band and the only outgoings are fuel for the car, vehicle insurance and the income tax payable on earnings.
Click to expand...
I pay nearly £100 a year for my business account I think generally all businesses pay for there banking
 
Mr Bump said:
I pay nearly £100 a year for my business account I think generally all businesses pay for there banking
Click to expand...

Yes. But I would not need a business account if they hadn't changed the regulations. Now any small trader, even if they are only doing car boot sales or selling cushions that they have made need to have a dedicated bank account purely for the business.
 
France is not generally considered a business-friendly environment, so I sympathise with Clive. As I understand it, you pay tax and social contributions on business turnover, not just profits, as a micro-entrepreneur?

Business accounts in the UK - I have mine and the TP account with Starling, which does not charge for an account. I think they are great. I also have a Euro account alongside my GBP personal account, also at no charge.
 
lindsay said:
France is not generally considered a business-friendly environment, so I sympathise with Clive. As I understand it, you pay tax and social contributions on business turnover, not just profits, as a micro-entrepreneur?

Business accounts in the UK - I have mine and the TP account with Starling, which does not charge for an account. I think they are great. I also have a Euro account alongside my GBP personal account, also at no charge.
Click to expand...
France does have a much better NHS that the UK does so maybe more taxes is working for them :)

Can you guess where on the chart the UK is? 34th

Singapore1
Japan2
South Korea3
Taiwan4
China5
Israel6
Norway7
Iceland8
Sweden9
Switzerland10
Netherlands11
Luxembourg12
Germany13
Hong Kong14
Finland15
Denmark16
Italy17
Belgium18
Malta19
France20
Australia21
Austria22
Ireland23
Slovenia24
New Zealand25
Spain26
Cuba27
Czechia28
Cyprus29
Costa Rica30
Thailand31
Canada32
United Arab Emirates33
United Kingdom34
Uruguay35
 
@Mr Bump That's why I was planning for years to retire to France; however Brexit put some obstacles in the way which, whilst I could overcome them, my wife would have struggled (language test for long term visa,), and the uncertainty of obtaining permanent residence.
 
Spy said:
Every where I look, prices are going up. Surely the official inflation figure is wrong.
Click to expand...

Not in the supermarkets, I've noticed the prices have stabilised. Where I had noticed prices rising dramatically is in shops like Home Bargains, things that were 99p or £1 are suddenly £1.25-£1.49. Fuel has also started to come down significantly over the past few weeks, just in time for RR to increase the fuel duty again. Reckon inflation will shoot up again after the budget.
 
lindsay said:
@Mr Bump That's why I was planning for years to retire to France; however Brexit put some obstacles in the way which, whilst I could overcome them, my wife would have struggled (language test for long term visa,), and the uncertainty of obtaining permanent residence.
Click to expand...

Visa hassles are a b****r since Roy from Preston but do you have an EU passport at all?
I thought you had Irish in you?
 
Last edited:
No, I'm pure (?) English/Welsh hybrid, living now in Northern Ireland. No EU passport, although that may come if reunification (of this island) occurs in my lifetime.
 
lindsay said:
No, I'm pure (?) English/Welsh hybrid, living now in Northern Ireland. No EU passport, although that may come if reunification (of this island) occurs in my lifetime.
Click to expand...
ah no worries , you could do france then but you would have to go in on one of there schemes
doable but expensive
 
Yes, I did tons of research on it and had it all worked out, but then decided the uncertainty was not something I could live with.
 
You must log in or register to reply here.
Back
Top