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Leaving the UK but still got my Ltd.

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    Leaving the UK but still got my Ltd.

    Hi all,

    I am leaving the UK to go travelling at the end of the year (next month). After I leave, I will be providing services to the client for a further month from abroad.

    Once I have left the UK, I do not intend to return to stay. I have a residency visa for Canada, so once the travels are over, after a short stay in the UK (2 weeks perhaps), i'll be off to Canada to settle.

    I'm just wondering what I ought to be doing here.

    1) In January I will need to complete a self assesment, but im not here. What should I do?
    2) I can't close my Ltd down before I leave as I need it to bill the client. I am thinking about leaving it open for the duration of my holiday incase some adhoc work comes in, quite likely. However, should I be closing it and taking taper relief??? There will be 50k in the company account.
    3) From January, can I now fill in the appropriate HMRC forms to say I will be leaving the UK? So no longer paying any Tax or NI on earnings or divvies?

    Any help working out the best plans would be appreciated.
    TM

    #2
    You can do a SA anytime. In fact paper deadline was 31st October. Now it has to be online - do it now.

    Comment


      #3
      Originally posted by themistry View Post
      2) I can't close my Ltd down before I leave as I need it to bill the client. I am thinking about leaving it open for the duration of my holiday incase some adhoc work comes in, quite likely. However, should I be closing it and taking taper relief??? There will be 50k in the company account.
      You can close you company 3 months after it has ceased trading. I suggest you let your account know your intentions. Taper relief might be a path you can take.!!!

      Originally posted by themistry View Post

      3) From January, can I now fill in the appropriate HMRC forms to say I will be leaving the UK? So no longer paying any Tax or NI on earnings or divvies?

      Yes...have you heard about google? they specilise in the finding forms and some such! Once you are non resident your uk tax responsibilities deminish.

      Comment

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