Mary Boh

Hi, I have a sole trader company offering consultancy work. For the past 12 months (Feb 2024- Jan 2025) I have charged £90,000, I am on a flat fee of £7,500 per month. 1. Do I need to register for VAT ? As my income has been equal to 90K but not exceeding 90K 2. I have sublet my studio for about £400 on airbnb (It was one shot, I haven't planned to do it again). Do I need to include this in my total income? If yes, does it mean I would need to register for VAT as my income is now exceeding 90K Thanks

Would you be able to confirm the below? Thanks

Hi, Many thanks for sending me this link. I have read a few more info on the internet and/or on this forum. Looks like 1. I have to declare taxes on Livret A, PEL, LDDS and shares 2. For Life insurance, based on this post, if i haven't withdrawn money, I shouldn't declare it even though the money is increasing. https://community.hmrc.gov.uk/customerforums/sa/e050ad57-8046-ee11-a81c-002248c61b8e#caad6a54-8046-ee11-be6e-00224841fb92 Thanks

Hello, I am a tax resident in the United Kingdom with investments in France, including -Livret A -Plan Epargne Logement (PEL) - Livret de développement durable et solidaire (LDDS) - Stocks shares (comptes titres) - A life insurance policy (Euro fund, UC Divers, and UC BNPP Diversipierre) 1. Do I need to pay taxes on all the investments listed above? -For the Livret A, PEL, LDDS? -For the shares (comptes titres), some taxes have already been withheld by my French bank. Do I need to pay extra taxes in the UK? -For the life insurance policy, the UC fluctuates significantly with the market and can sometimes show negative returns. Should I pay taxes only on the Euro fund, or on the entire portfolio (Euro fund, UC Divers, and UC BNPP Diversipierre)? 2.What is the taxation rate for each investment mentioned above? 3. Is it a new policy since Brexit? I would really appreciate your help with this, as I am struggling to find clear information. Thank you very much