I have found myself in a situation that is both good and bad depending on how much of a positive chap (et) you are, being of a possitive nature, i am going for the former
I used to run a uk LTD company with a long standing friend, anyway, he got devorced and somewhat went of the rails resulting in the easiest thing to do to preserve the business being disolving the company and give him his share.
It is now temporarily runing as a sole trader with me assuming i would just reform, as i have the right to the name etc.
It raises an interesting question though. Should i just form another company, or, as this is an international business, look to form somewhere else (country) that may be more tax advantagous?
I thought i would ask, as you lot know your stuff, and somebody else here may be in a similar position, or been in the past.
My real questions mainly revolve around:
How to charge customers tax?
what my tax position is as a uk resident?
Would (who) would i have to charge VAT to?
Any thoughts, opinions, and the like gratefully appriciated