Hi
Would like to run this by you guys and appreciate any advice /guidance”¦ i am a U.K. resident and Born In the U.K and based here.. I a have business here but will be taking money from a Dubai company very soon ”¦ if I am paid to my Dubai corporate account when they report the CRS the U.K. will be notified and I will be pursued for the tax here in the U.K”¦. So I was thinking of gaining residency for dubai through my company over there but staying living in the U.K. and paying tax on my uk income. And gaining the 0% tax on the Dubai income and because of my residency there it won't trigger a CRS to notify the U.K. But even if they did notify U.K. my money is goin Dubai to Dubai so surely I won't owe tax to the U.K. anyway ?
Would like to run this by you guys and appreciate any advice /guidance”¦ i am a U.K. resident and Born In the U.K and based here.. I a have business here but will be taking money from a Dubai company very soon ”¦ if I am paid to my Dubai corporate account when they report the CRS the U.K. will be notified and I will be pursued for the tax here in the U.K”¦. So I was thinking of gaining residency for dubai through my company over there but staying living in the U.K. and paying tax on my uk income. And gaining the 0% tax on the Dubai income and because of my residency there it won't trigger a CRS to notify the U.K. But even if they did notify U.K. my money is goin Dubai to Dubai so surely I won't owe tax to the U.K. anyway ?