urgent help needed on qs...interview tomrow

[Naheedsammar]

Hi guys.
I need advice or suggesstionon following qs pkz.
Income tax rate for business.
Registration of business with affiliated bodies for IT company
Business rates ( working from home) at the moment
Whats Serviced office?
Whatsc Vat thresh hold?

Thanks a lot in advance.
Looking forward for any valuable suggession/advice.
[/u]

[entrepreneur123]

for income tax for business(corporation tax)
http://www.hmrc.gov.uk/rates/corp.htm

registeration for IT, do not know about IT

Business rates, you need to call your local council, normally if you are not using any specific part of property(for example if you are not using specific room) or no modifications done for business then there will be no business rates.

serviced office, check on google

VAT threshold-https://www.gov.uk/vat-registration-thresholds

Hi guys.
I need advice or suggesstionon following qs pkz.
Income tax rate for business.
Registration of business with affiliated bodies for IT company
Business rates ( working from home) at the moment
Whats Serviced office?
Whatsc Vat thresh hold?

Thanks a lot in advance.
Looking forward for any valuable suggession/advice.
[/u]

[Christianoronaldo]

Income tax rate for business?
You can say:
Yours is a small company for corporate tax purposes and you'll be liable to pay corporation tax @20% on your taxable profits.


Registration of business with affiliated bodies for IT company

You can say:
Your services are not governed by any professional body and hence there is no such requirement to get registered with any professional body for the services you are offering.

Business rates ( working from home) at the moment?

My understanding is that if you start using part of your home for business purposes; you need to inform council so that they can charge you council tax and business rates proportionately. If so, you've got to inform the council for business rates. This is my understanding but wait for other members to respond as well.

Whats Serviced office?
Not sure what mean to ask here.

Whatsc Vat thresh hold?
VAT threshold is £79,000 from 6 April 2013.

[Naheedsammar]

Thanks a lot for your quick response.

[business genius]

Business from home,u simply say its temporary and u will be moved to an office on rent.
VAT threshold is 79000 from 6April 2013
Tax rate minimum or small company is 20% but you can say the applicable rates at the time of return filing.
Good luck

[Naheedsammar]

Thanks a lot everybody for your help. Interview done yesterday and overall was a good experience. you are welcome if you want to know anything. been asked questions/cross questions from the standard set of 75 questions plus some of the queries raised by the case worker ragarding my currunt job as they have checked everything with HMRC about my currunt employment status+hrs+organisation m working for:). some of the qs were about how i got funds in my joint account when the balance was 0 at the time of opening account:). (m surprised they could not check it was direct transfers from my personal account).

Many thanks once again.