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Where Taxpayers and Advisers Meet

Search found 6 matches

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by mw01
Mon Jan 07, 2019 5:49 am
Forum: Professionals in Practice & Industry
Topic: Dropshipping Business
Replies: 1
Views: 1708

Re: Dropshipping Business

Hello ajsingh, where are you a tax resident? The reason I ask, you may find it suitable to use a LLP instead of an LTD. That is, if your personal tax rate is lower than 18% (the eventual UK corporate tax rate), you may want to use a UK LLP between yourself and your partner, where the profits aren't ...
by mw01
Mon Jan 07, 2019 5:41 am
Forum: General
Topic: Leaving UK what do I need to do?
Replies: 6
Views: 598

Re: Leaving UK what do I need to do?

If one forgets to fill this in, then does it 5 years later but back dates with the same exit date, is that OK? Or will they be a tax resident in this time and still be liable? If you left it 5 years you would be outside of the statutory time limit and so out of time to make any claim. So basically,...
by mw01
Thu Jan 03, 2019 1:15 pm
Forum: General
Topic: Leaving UK what do I need to do?
Replies: 6
Views: 598

Re: Leaving UK what do I need to do?

Form P85 - https://www.gov.uk/government/publications/income-tax-leaving-the-uk-getting-your-tax-right-p85
If one forgets to fill this in, then does it 5 years later but back dates with the same exit date, is that OK? Or will they be a tax resident in this time and still be liable?
by mw01
Thu Jan 03, 2019 1:13 pm
Forum: International Tax
Topic: US withholding tax on dividends
Replies: 3
Views: 739

Re: US withholding tax on dividends

The normal withholding tax rate on FDAP income is 30%, reduced under the UK treaty to 15%: https://www.irs.gov/individuals/international-taxpayers/fixed-determinable-annual-periodical-fdap-income Sounds likely the payer has applied the wrong treaty rate. To recover this, the individual will need to...
by mw01
Thu Jan 03, 2019 1:12 pm
Forum: International Tax
Topic: Living abroad and UK taxation
Replies: 4
Views: 563

Re: Living abroad and UK taxation

shaws777 is on the money, you will want to be 100% clear that you are not considered a tax resident in the UK. It's not 100% clear cut as to 183 days but it does sound as though you have spent a great deal of time away from the country, so you should be fine.
by mw01
Tue Dec 18, 2018 5:24 am
Forum: International Tax
Topic: Working remotely in Portugal for UK company
Replies: 9
Views: 3761

Re: Working remotely in Portugal for UK company

I will be living in Portugal for most of the time coming back to the office in the UK once every 4 to 6 weeks and will maintain an address here, I would really prefer if I can continue to pay UK tax as the tax in Portugal is significantly higher and would make it difficult to remain. From what you ...

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