Updated UK Non Resident Company Tax

[CaptK]

Things are looking up

https://www.gov.uk/government/publi...-of-companies-that-are-not-resident-in-the-uk

Last edited: Sep 25, 2020

 

[Ness]

CaptK said:
Things are looking up

https://www.gov.uk/government/publi...-of-companies-that-are-not-resident-in-the-uk
Click to expand...

So if I set up a UK Ltd as a non resident & non UK citizen without PE in UK, I don't pay corporate taxes in UK but instead in my country of residence, right?

 

[CaptK]

No, what you can now use the UK LTD as a "Service Provider" within your structure. Getting round the use of PSP's as they are easier to get for a UK company. You will still need to have a tax efficient structure behind it but they have given you the template.

 

[fshore]

For clarification: The article is about UK non resident companies.
A UK Ltd is UK resident.

 

[JustAnotherNomad]

fshore said:
A UK Ltd is UK resident.
Click to expand...

Exactly. Unless its tax residency is elsewhere in accordance with a tax treaty (which would require approval from both countries' tax authorities).

 

[Ness]

CaptK said:
No, what you can now use the UK LTD as a "Service Provider" within your structure. Getting round the use of PSP's as they are easier to get for a UK company. You will still need to have a tax efficient structure behind it but they have given you the template.
Click to expand...

Ah ok, thanks for clarifications.

fshore said:
For clarification: The article is about UK non resident companies.
A UK Ltd is UK resident.
Click to expand...

That's what I thought, unless your Ltd is resident elsewhere in accordance with taxes treaty.

 

[clemens]

CaptK said:
No, what you can now use the UK LTD as a "Service Provider" within your structure. Getting round the use of PSP's as they are easier to get for a UK company. You will still need to have a tax efficient structure behind it but they have given you the template.
Click to expand...

in short explanation, how would this structure look like? You say they gave the template??

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