Quote:
Originally Posted by jimmy100
One accountant believes that as the effective control and management of the company (me) is in Saudi then it will be considered non resident for tax purposes and I wont pay UK tax on my earnings.
|
Distinguish between my and my co. I assume what you meant was:-
"One accountant believes that as the effective control and management of the company (me) is in Saudi then it will be considered non resident for tax purposes and the company wont pay UK tax on it's earnings."
This is likely the case. However you might like to discuss the corporation tax exit charge which can be payable if the company ceases to be UK resident for tax purposes. Also the company may of course become resident somewhere else - probably saudi which may have an impact.
Quote:
|
My current accountant feels that I am receiving money from a UK source (my own ltd company) and therefore will pay tax as an individual.
|
I hope you have either misquoted him, misled him or misinterpreted him.
