Earning in HK living in UK

[brit01]

Hi there

I wonder if anyone can help !

I am a UK expat living and working in HK but will be moving to England full time next year. I will continue to earn money via my HK Limited company whist in the UK. The money will be paid into my HK account and I will then transfer to England as needed.

Simple question is how/where do I get taxed?

Thanks in advance!

[etf]

Hi brit01,

If on your return to the UK you are regarded as resident and ordinarily resident for UK tax purposes and also UK domiciled, you will be liable to UK tax on your worldwide income. This is likely to lead to double taxation and so you will need to determine how this can be allieviated e.g. claim a credit for HK tax against your UK tax.

You will also need to determine whether your presence might create a taxable presence for your HK Company in the UK with the associated UK tax reporting this could potentially generate e.g. payroll, corporation tax etc.

Kind regards

etf

http://theexpatriatetaxfactory.com