Prashant
-
Will there be any tax for receiving money into my UK Ltd Company to do trading?
Hi, I have a Limited Company in UK but I am short of funds to do trading of goods such as food grains, building materials etc. Both my suppliers and buyers are outside UK so I will not be importing anything into UK. My childhood friend has a company in Dubai and he is willing to invest around £150,000 into my company. 1) Will there be any tax on receiving such funds from him? 2) With that money if I buy goods from suppliers do I have to pay any taxes in UK? 3) When I sell the goods to a buyer outside UK how much tax will I be paying?