Moving away from the UK, leaving UK LTD open, and exit tax

[eek]

Perhaps it's easier if I say, for the sake of argument, I'm completely mistaken. Exit tax does not apply to my situation. The various specialists I spoke to were blowing smoke up my ***.

Nevertheless, I have a genuine intellectual interest and would love to hear from anyone that has gone through this? As we've established exit tax does not apply to me (!), my particulars won't matter.

We haven't - all we've established is that you haven't given us nor your accountant enough details to give you a proper answer...

Oh and that you don't want to answer the questions we've asked to enable anyone to give you a decent answer.

[WTFH]

For me this is not about an exercise in paying relatively less corporation tax by virtue of being in a more tax-favourable country. It would be useful to hold on to the UKCo for the purpose of reassuring UK-based agents. That's it.

I agree, it's a good point, and it's something I dealt with. But what the hell has it got to do with exit tax?

You're the one who said it's nothing to do with tax, but to do with having a UK Co to reassure UK agents.
I can't help it if you're contradicting yourself and in a tailspin.

I'd be wary that if you have "dealt with" how to deceive clients as to your location, the issue might not be getting marched off site, perhaps check whether extradition treaties for criminals ranks above or below tax agreements.

[zerosum]

Sure, I'm aware of this. Knowing this issue was impending, I have asked each and every client I've worked with since Brexit whether they would be willing to work with an EU-based company instead (pending examination of Brexit issues, so at least as a test of willingness, which is the best that can be hoped for). Each one said zero issues. It must be added here that I haven't done any public sector work. Agencies were a more mixed bag. However they made it clear that a UK-*incorporated* company would be sufficient.

I'd be wary that if you have "dealt with" how to deceive clients as to your location, the issue might not be getting marched off site, perhaps check whether extradition treaties for criminals ranks above or below tax agreements.

Cheers for the discussion, I'm out.

[WTFH]

Cheers for the discussion, I'm out.

You say you've checked each and every client since Brexit. Brexit happened 9 months ago. I'm not sure about the comprehensiveness of your checking.

[eek]

You say you've checked each and every client since Brexit. Brexit happened 9 months ago. I'm not sure about the comprehensiveness of your checking.

Technically that isn't correct - we left on January 31st with a temporary agreement in place. What was valid then and now may not be valid once we reach a final agreement (I know my German clients may have issues come January).

[NowPermOutsideUK]

I for one would like to see this thread continuing

I am out of Uk in perm employment and have a ltd in Uk which continues trading in real estate. I extract a salary and dividends from the Uk ltd and pay Uk tax on this. I then declare this and the tax paid in my EU based foreign country.

This is all pretty simple and the only difference between before and after is that my self assessment is declared as non tax resident and the number of days in the Uk and the number of ties.

It’s been running like this for a few years without any problems and the paid professional (who frankly is a form filler) submits normal corp tax and self assessments

I don’t I der stand zero sum what you are trying to achieve. You can keep the Uk company open even if the only director is not Uk tax resident

[wattaj]

I don’t I der stand zero sum what you are trying to achieve.

Tax avoidance by dint of being resident in a lower tax country.

[Lance]

Tax avoidance by dint of being resident in a lower tax country.

add to that moving the UK LTD company to a different tax regime entirely. Which I'm pretty sure is not possible despite what the OP thinks.

Quite why moving abroad and wanting to still contract to UK clients is causing difficulty I don't know. The simplest (and therefore the best) is to export services to the UK either as a company or as an individual (depending on the tax regime of the residency).

[wattaj]

add to that moving the UK LTD company to a different tax regime entirely. Which I'm pretty sure is not possible despite what the OP thinks.

Quite why moving abroad and wanting to still contract to UK clients is causing difficulty I don't know. The simplest (and therefore the best) is to export services to the UK either as a company or as an individual (depending on the tax regime of the residency).

Agreed. I can't help thinking that trying to "Double-Irish" or "Dutch-Sandwich" a one-man band is for the ******* birds... despite what one might stumble upon via Google.

[ContractorPL]

add to that moving the UK LTD company to a different tax regime entirely. Which I'm pretty sure is not possible despite what the OP thinks.

Quite why moving abroad and wanting to still contract to UK clients is causing difficulty I don't know. The simplest (and therefore the best) is to export services to the UK either as a company or as an individual (depending on the tax regime of the residency).

It is causing difficulty because UK clients do not want to do business with overseas companies. To some extent that's even understandable. It's a b2b relationship, in case sth went wrong, they would need to go to the foreign court. They would need to find out if IR35-equivalent exists etc.

In my case, it was a hard 'no' to use a non-UK company, but the client doesn't mind I'm not physically in the UK.