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  Post #1 (permalink)   08-29-2003, 06:45 AM
HD Wizard
 
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Just wanted to know if most hosts in the UK comply with tax laws if they own a hosting business?
I know that most dont have to simply because they dont earn enough from it to pay tax on it.
 
 
 


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  Post #2 (permalink)   08-29-2003, 07:12 AM
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Here in Norway I think you have to pay 24% no matter how much you earn. Unless you are under 18 like me in which case you only pay tax if you get more then 21,000 kr a month or something like that.

24% is the standard yearly tax fee. I'm not really sure what it would be on a hosting-company. All I know is that books are not taxed over here. But still they are more expensive then England.
 
 
 


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  Post #3 (permalink)   08-29-2003, 09:17 AM
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Quote:
Unless you are under 18 like me in which case you only pay tax if you get more then 21,000 kr a month
Do you know how much that would be in or $?
 
 
 


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  Post #4 (permalink)   08-29-2003, 10:37 AM
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Around 200.
 
 
 


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  Post #5 (permalink)   08-30-2003, 05:03 AM
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I think you have to earn around 36,000 or 56,000 in your company for tax to be taken I think that is...
 
 
 


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  Post #6 (permalink)   08-30-2003, 07:15 AM
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Noway may have high taxes but I don't mind. A lot of it goes to peacekeeper operations and so on. But most of our comes from Oil of course.
 
 
 


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  Post #7 (permalink)   08-31-2003, 05:58 AM
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Ok looked about a bit and got some information.
If you are a sole trader you must earn 56k+ a year to start paying tax.
I didnt think it would be so high.
Suppose its good for small businesses to get started without having to worry about tax.
 
 
 


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  Post #8 (permalink)   08-31-2003, 07:40 AM
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I would have thought it would be less then that. What's the tax percentage?
 
 
 


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  Post #9 (permalink)   09-02-2003, 07:14 AM
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VAT is 17.5% I know that one...
 
 
 


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  Post #10 (permalink)   09-02-2003, 11:45 AM
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Hmm. 7% less then Norway.
 
 
 


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  Post #11 (permalink)   09-02-2003, 12:17 PM
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Google, you'd think 17.5% wasn't too bad, but remember most of our general tax & VAT money goes into asylum funds. So at the end of the day the average British person sees no good come from it in our country. Yours may be 7% higher but the things the money goes to I'm sure are far better, like peacekeeping as you said before. You have to weigh up the pros & cons don't you? So when it comes to tax, although we may not be taxed that much in comparison, we don't get any better off because of it in the kinds of things government money should go to, to benefit us. I'm sure this is kinda' going off topic but it's true.

James
 
 
 


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  Post #12 (permalink)   09-27-2003, 07:57 AM
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I think you are getting VAT and Tax a little mixed up. If your company turns over 56,000, then you must start to charge VAT on your produts/ services.

For tax, if your profits are over 4,500 (not quite the offical figure, but its there are there abouts!) then you will be charged Tax.

It's something like that anyway. Best to get proper advise for your local Tax office.

Jay
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  Post #13 (permalink)   09-27-2003, 08:00 AM
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56,000 lol better stay that high also... I dont thiink i will EVER get profits that big......
 
 
 


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  Post #14 (permalink)   09-27-2003, 08:03 AM
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Quote:
56,000 lol better stay that high also... I dont thiink i will EVER get profits that big......
I don't think profit as such, just based on turnover. You must chatge VAT (17.5%) on a turnover of 56,000 and above.

Jay
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  Post #15 (permalink)   09-27-2003, 03:02 PM
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Wont even get to that...
 
 
 
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