UK Tax Optimisation - Both employed & Self-Employed

[niko2000]

Hi,

I am a UK citizen & resident, both employed and self-employed. I work for a company (under PAYE) earning just over £100k/year after bonuses. I also have an online business set to make around £150k - £200k this year. What is the best tax optimisation strategy: sole trader or a LTD company? I have just fallen into the personal allowance taper, and stand to become an additional rate taxpayer after declaring my business revenues.

My business is 100% online, has no employees, and minimal expenses (server hosting costs), while revenues come from advertising (from the USA). I cannot leave the country due to my day job.

Thanks

 

[Martin Everson]

Have a read of the below thread. You can lower your effective corporate tax rate in some cases.

https://www.offshorecorptalk.com/threads/uk-income-tax-optimization.36652/#post-204424
But speak to a UK tax advisor as always once you know which direction you want to go in.