UK business advice

[cocknose]

Chaps and chapes's

 

Can anyone give me advice? We have decided to move home to the UK and I am looking at buying a franchise.

It seems a pretty good investment with good growth potential , but my question is more on the taxes side, I have been a partner before in a partnership but just drew salary and profits, I had no idea on what we were paying out.

 

If I make for instance 100k gross profit after all my expenses, what will I pay out to the government from that? Income tax? VAT? Corporation tax? Do you pay the same as s sole trader or limited company?

 

Cheers in advance

[Tosh]

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[Molby]

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[Begbie]

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[RBM]

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[Stanley Leisure]

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