I have an offshore company in the Seychelles with a bank account for that company in Lebanon. I am not habitually resident in the UK although I am a UK citizen. I sometimes may have clients that are based in the UK.
My question is, what would be the best tax strategy to pay the least amount of tax for the UK business, do it as a sole trader or create a limited company and whether that company would be standalone or a subsidiary of the offshore company with all profits sent to the mother company?
Asked 1 year ago in Corporate Tax from United Kingdom
This questions seems to be related with UK Tax Law and i am not aware about the same so i will not able to guide on the same.
My apologies. I will not be able to answer this question as this question is not related to Indian income tax.
Please feel free to call/ revert in case of any doubts
Thanks and Regards
CA CS B.Com
Sorry. I am not an expert in UK Taxation. I would let other international taxation experts to handle the query
Apologies, but I am not an expert in UK tax laws and cannot advise you.
Whilst you'll have to consider the domestic as well as taxation agreements between UK and other countries, you will also have to take into consideration the recently introduced CbCR norms.
CA, Greater Mumbai