Hello,
I was wondering how a small UK based limited company could start up a contracting business in another (non EU) country.
Lets say the UK company was in profit and wanted to use some of this profit to buy an office in country x.
I can't believe HMRC would allow money to leave the country tax free, or those who could afford it would all have a villa (I mean second office) by the sea somewhere sunny.
So what are the UK tax implications of moving money out of the country for a UK limited company. Is there a set rate? Does it even matter what you say the money is for? Does the rate change depending on how much money is moved?
I've been looking on the HMRC website but can't find anything specific on this.
Cheers
I was wondering how a small UK based limited company could start up a contracting business in another (non EU) country.
Lets say the UK company was in profit and wanted to use some of this profit to buy an office in country x.
I can't believe HMRC would allow money to leave the country tax free, or those who could afford it would all have a villa (I mean second office) by the sea somewhere sunny.
So what are the UK tax implications of moving money out of the country for a UK limited company. Is there a set rate? Does it even matter what you say the money is for? Does the rate change depending on how much money is moved?
I've been looking on the HMRC website but can't find anything specific on this.
Cheers
