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Where Taxpayers and Advisers Meet

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by GlobalTaxAdviser
Sun Mar 18, 2018 12:14 pm
Forum: Income Tax
Topic: Foreign Income
Replies: 7
Views: 796

Re: Foreign Income

Hi

Unfortunately, you will not be able to utilise the tax credits in the UK and will have to pay tax on any UK Rental profits
by GlobalTaxAdviser
Sat Mar 17, 2018 11:27 pm
Forum: Business Tax
Topic: Ltd company contracting
Replies: 4
Views: 1643

Re: Ltd company contracting

Hi 1) Optimal Salary amount is £8160 2) Work out Profits and take 19% Corporation Tax 3) Pay Dividend 5K is tax free and the balance at 7.5%. There is also around 3K of personal allowances unutilised. Make sure you do have the proper paperwork in place in issuance of dividends With the dividend tax ...
by GlobalTaxAdviser
Sat Mar 17, 2018 1:12 pm
Forum: Company Taxation
Topic: How much time is involved in doing the adminstration for running a Limited Company pls?
Replies: 5
Views: 1784

Re: How much time is involved in doing the adminstration for running a Limited Company pls?

With software automation, it will not take much time at all especially for a consultancy business even with making tax digital which maybe two years away for you unless you are VAT Registered.

Good time is to start now with software and get on the learning curve.
by GlobalTaxAdviser
Tue Mar 13, 2018 1:43 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: UK sales manager of Cyprus company
Replies: 15
Views: 2774

Re: UK sales manager of Cyprus company

Lead generation would not count as preparation and auxillary and would be considered as major activity

A office is a fixed place of work under DTA and hence a permanent establishment has resulted.
by GlobalTaxAdviser
Mon Mar 12, 2018 5:14 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: UK sales manager of Cyprus company
Replies: 15
Views: 2774

Re: UK sales manager of Cyprus company

Preparatory or auxiliary would be considered to be minor activities like supply of information, scientific research, advertising etc

The link I sent was domestic law but DTA supersedes whatever the domestic law says
by GlobalTaxAdviser
Mon Mar 12, 2018 4:09 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: UK sales manager of Cyprus company
Replies: 15
Views: 2774

Re: UK sales manager of Cyprus company

See point C or the Cyprus/UK DTA. Office means fixed place of work hence PE CTA2010/S1141(1) states that a company will have a PE if and only if: a. it has a fixed place of business here through which the business of the company is wholly or partly carried on, or b. an agent acting on behalf of the ...
by GlobalTaxAdviser
Mon Mar 12, 2018 2:03 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: UK sales manager of Cyprus company
Replies: 15
Views: 2774

Re: UK sales manager of Cyprus company

Like I mentioned earlier a office is a fixed place of business and therefore a taxable presence is created. The Cyprus Entity would need to register https://www.gov.uk/hmrc-internal-manuals/international-manual/intm264300 The standard setup would be setup a UK Subsidiary, register for PAYE with HMRC...
by GlobalTaxAdviser
Mon Mar 12, 2018 11:18 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: UK sales manager of Cyprus company
Replies: 15
Views: 2774

Re: UK sales manager of Cyprus company

To add what etf has stated. If you take a look at double tax treaty article 5 (2) a permanent establishment can be an office Furthermore the government will issue guidelines shortly what exactly is a Ltd contractor, self employed and employee. The issue you may have in future is if the "disguised em...
by GlobalTaxAdviser
Sun Mar 11, 2018 11:53 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: UK sales manager of Cyprus company
Replies: 15
Views: 2774

Re: UK sales manager of Cyprus company

If the Cyprus Company is renting an office in the UK then it does have a permanent establishment (PE) and therefore should register for Corporation Tax Yes IR35 is a major consideration but the fact is that the Sales person should be on the payroll of the PE in the first place. Paying to the Sales p...
by GlobalTaxAdviser
Sun Mar 11, 2018 12:59 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: UK sales manager of Cyprus company
Replies: 15
Views: 2774

Re: UK sales manager of Cyprus company

The first point to consider is if you have a permanent establishment in UK and hence may create a taxable presence. Technically he is probably an employee hence two options - the employee should register and pay NI and Tax through the Direct Payment Scheme (DPNI). There is an employer scheme but tha...

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