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1 vote
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Introduction to UK Limited Company Taxes

As an employee, you get a salary, and you pay income tax and NI on your salary. Your employer takes that money out if your pay and sends it to HMRC, on your behalf, so employees don’t “forget” to pay ...
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0 votes

UK crypto capital gains tax - report total start/end value instead of individual trades

On the currency issue: I believe HMRC allow you to use an average exchange rate over the year. They publish what they consider the average rate to have been in documents like these: https://www.gov....
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4 votes

How to stop myself from spending my tax money?

In the UK you can create a ladder of fixed-term savings accounts (which in the US would be called CDs, or certificates of deposit). Just over 9 months before you need to pay taxes create a 9-month ...
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2 votes

How to stop myself from spending my tax money?

It’s quite likely that your bank lets you open a second account for free. I use Barclays, and I can move money between my accounts. Don’t get a debit card for that account, and it’s a lot easier not ...
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4 votes

Can I get a mortgage from a foreign bank?

Most likely NO If you are talking about a mortgage for a property (house or land), it is highly unlikely as the main security against your mortgage is the property and an oversea bank would have a ...
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17 votes
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How to stop myself from spending my tax money?

You can pay taxes early. Go to your Self Asessment home page and choose "Make a payment" (direct link once logged in). Then pay whatever you want to. It'll initially just end up sitting on ...
-1 votes

UK crypto capital gains tax - report total start/end value instead of individual trades

This is not UK based, but in general, you absolutely do not want to be forced to pay taxes on the hypothetical gain at the end of the tax year. Assume you bought 100 bitcoins at 0,10€. If they raise ...
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1 vote

Can I employ foreigners for tax purposes?

I can tell the virtual assistant that their actual money is £400 and the other £1600 is for me [...] Is that legal? Attempting to deceive HMRC is illegal. Telling HMRC something different than you ...
10 votes

Can I employ foreigners for tax purposes?

What you are suggesting is tax fraud. If you do it and are caught you could be prosecuted. At the simplest level, you are getting income of £1600 from each assistant that you are not declaring to ...
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