I'm opening a translation business in England with a friend. I need info on wich authorities to contact, taxes etc...
The palan is to have a freelance status at the begining and then change it to a limited company when we have more clients.
2006-10-29 19:34:30 · 5 answers · asked by Anonymous in Business & Finance ➔ Small Business
Love the French language ..yes come over and work..You need not do anything just register with the tax office
( inland revenue ) as self employed..and start your business..and once a year you need to pay P A Y E
that is ..pay as you earn ...tax on your earnings and insurance for your retirement...an accountant will be handy when you are making returns ...if your turn over is over £ 80.000. per Annual you may need to register for V A T ..that is value added tax .. good luck
2006-10-29 20:17:24 · answer #1 · answered by JJ 7 · 0⤊ 1⤋
Speaking english is not a pre-requisit of being a UK firm(Although for a translation business). You are opening a business, the same as every other in UK. You need to register the business with Companies House. I would start my business as LTD, since this means Limited Liability (You only stand to lose what you put in).
Go and see an accountant to help set up the business.
Good luck.
2006-10-30 04:01:23 · answer #2 · answered by Alice S 6 · 0⤊ 0⤋
First you realy have to understand and can speak English. Second you have to visit the legal systems to obtain your certificate of incorporation which will enable you to practice. Third your employees must be trained on the field in English.
2006-10-30 03:53:07 · answer #3 · answered by Nnamsco 3 · 0⤊ 0⤋
Just do it England is a lot less tied up in red tape then in France as you no doubt know by now.
2006-10-30 06:00:49 · answer #4 · answered by dennis l 1 · 0⤊ 0⤋
Speak to an accountant.
There are no restrictions as you are European and you have as much right to work here as any other European, probably more rights as you are French.
2006-10-30 04:10:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋