Hello,
I now provide my services using my LTD here in the UK, where I also live and am tax resident.
I want to move abroad, change my residency and continue to provide my services remotely. My client is happy with me moving.
Questions/doubts I have is how to resolve this from taxation perspective.
As for my LTD, I want to shut it down via MVL. I wanted to have this fully done and cashed out by the end of 2022 so income from this does not spill to 2023 and does not count toward tax year 2023 abroad. Considering that all of my income in the UK will be made in calendar year 2022, I wonder what happens with the overspill of Jan-April 2023 due to how the tax year in the UK is structured? Do I need to pay tax for that bit (earned abroad though) to HMRC? Or could I request for some exception/proportion in the tax? By Jan 2023 I'd have no ties to the UK, apart from the customer I work for. I just asked my accountant about this, but Im curious if there were similar cases in this community.
Regards
I now provide my services using my LTD here in the UK, where I also live and am tax resident.
I want to move abroad, change my residency and continue to provide my services remotely. My client is happy with me moving.
Questions/doubts I have is how to resolve this from taxation perspective.
As for my LTD, I want to shut it down via MVL. I wanted to have this fully done and cashed out by the end of 2022 so income from this does not spill to 2023 and does not count toward tax year 2023 abroad. Considering that all of my income in the UK will be made in calendar year 2022, I wonder what happens with the overspill of Jan-April 2023 due to how the tax year in the UK is structured? Do I need to pay tax for that bit (earned abroad though) to HMRC? Or could I request for some exception/proportion in the tax? By Jan 2023 I'd have no ties to the UK, apart from the customer I work for. I just asked my accountant about this, but Im curious if there were similar cases in this community.
Regards
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