UK Residency + Estonia Corporation

[JustAnotherNomad]

You do understand that corporate income tax‍ is a tax paid by the company, right? So how are payments to shareholders relevant⁠ for that?

I don't know UK law specifically, but⁣ you'd usually have to declare that you're a majority shareholder of a foreign corporation. And⁢ then they will ask who is managing the company.
And if you try to hide︀ your ownership, they will find out sooner or later anyway.

Huh?

See above.︄ I can't believe we're still even debating this...

"I registered my︆ Marijuana business as a Colorado LLC and it's fully licensed. How could the police in︇ Singapore even arrest me? I'm selling my product on behalf of my Colorado LLC!"

No. Corporate income tax has nothing to do with personal income tax.

 

[bbb77]

That's the thing, I don't think you have⁤ to declare your assets on your UK self assessment tax form, only your income. If⁣ you don't have any (from a particular asset), you aren't hiding anything because you weren't⁢ asked what you own, but what you earn. I need to double-check this, but I've︀ submitted UK tax forms for many years now and I certainly don't have to declare︁ everything I own (e.g. shares) every year if they aren't paying me any income.

 

[JustAnotherNomad]

It doesn't matter, since there is information exchange and they will find out about it‌ anyway.

 

[bbb77]

I get that too. What I don't get is‍ where in an individual's tax assessment is the section where a CFC has to be⁠ declared. I think UK corporate tax forms do have a section, however personal tax forms⁤ do not seem to have this. I guess there's somewhere but I don't know how⁣ UK corporate tax would be applied to an individual, it certainly doesn't seem to be⁢ documented or talked about anywhere

 

[JustAnotherNomad]

CFC's pay corporate income tax, so it makes sense that you would file a corporate‌ tax form.

 

[complex]

Most seem to miss this point. It's about receiving the ID card which enables you⁠ to interact with all levels of government with relative ease. It does nothing for taxation.⁤

 

[nomorejobs]

What happens if you pay your corporation tax in the UK on your UK company,‌ and then you create a loan with the rest of your money to your Estonian‍ company, do you need to pay a tax on the Loan? and you keep the⁠ profits every year in the company, you don't take dividends or salary, do you need⁤ to pay taxes on this? thank you all for your answers

 

[spacely]

when the money is in Estonian company you do not pay taxes if you⁢ do not distribute the profits
in this case you will only need to pay %︀ return according to loan agreement to your UK company
However if both companies have different︁ corporate structure estonian company can invoice UK company and there wont be necessary to pay︂ %