Recent content by bbb77

Watch out for how much of your YouTube income comes from a US viewership. Google will now apply US witholding tax on the US portion of the income. I believe Dubai/UAE has no tax treaty with the US, so Google will deduct 30% of the US portion of your earnings. UK has a tax treaty that allows for...

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...

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've...

I just had another thought, on the UK tax return it asks (if I recall correctly) if you have any foreign income. If you didn't receive any foreign income because you didn't take a salary or dividends, then you're not hiding anything from the UK taxman, are you? Or am I misunderstanding something?

I get this however what happens if the Estonian company isn't making any payments to the UK shareholders? How does the UK tax office know that the UK shareholder is even doing any work? And if they are, can the UK tax office insist they are paid and therefore taxed? I get the point if dividends...

Hi everyone, I need to keep some Euro cash on deposit for a potential property purchase in a few years time and looking for any recommendations on where I can open a euro savings account. Ideally would like to earn a little interest and willing to look at easy access or fixed rates for up to 2...

That's a shame about the IP Box. I did come across a page on Sovereign Group's website about the Cyprus IP regime (I don't think I can post links as I'm too new here) which said the following I was hoping when I saw that page that online videos would be considered "artistic works" but perhaps...

Thanks for clarifying about the withholding tax. It doesn't sound like the IP Box regime would work, however what occurs to me is that the phrase "non-obvious, useful and novel, where the person utilizing them in furtherance of a business" seems rather vague and could apply to all sorts of...

Thanks for that, the US corp had occured to me briefly at one point, however I've gotten so paranoid about anything US based as everytime I open a bank account for myself or our business, I'm constantly asked if I'm a US citizen or earn any income there! However I'm willing to consider if it can...

Hi Don, can you pm me with the info you have on Cyprus and Estonia? Many thanks

Thanks that's interesting. Most appealing to us are Malta and Cyprus, however wouldn't YouTube royalties also qualify for the Cyprus IP Box scheme and potentially reduce the effective tax rate down to 2.5%?

Hi Am new here, but trying to figure out legal tax reduction options for our online business which I'll summarise below. We are a UK Ltd company publishing on YouTube earning a lowish six figure GBP amount a year. Recent YouTube changes mean that any ad revenue from viewers in the US is...