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Hi and welcome to JustAnswer. I’m Mo Barrie, Qualified Accountant and Tax Expert. I’m currently reviewing your question and will respond to you shortly.
Thank you for your patience.
Kindly give me an accurate assessment of the type of activities. Are you going to be a day-to-day trader or an investor. as the tax implication differ.
Even though a Limited company structure can be a tax-efficient way to operate. The issue you have is that most parts prefer personal accounts with the exception of platforms such as Binance. Hence as you are only just starting out you could start as a sole trader and make the transition as you continue to grow.
Filing a personal tax return would solve the NIC issue as you would be expected to pay class 2 and class 4 NIC (if earnings are over £9,881).
Below is a general guide:
Indeed. As you are a sole trader, the business is you so you could draw funds from the business as and when required.
Make sure you have evidence of all transactions and file a personal tax return declaring your earnings and expenditure once a year.
You would be fine.
I wish you all the luck on your business journey.
You are very welcome.
Wishing you all the best.