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Where Taxpayers and Advisers Meet

Taxation with foreign outsource company

Acodez
Posts: 1
Joined: Tue Nov 05, 2013 12:10 pm

Taxation with foreign outsource company

Postby Acodez » Tue Nov 05, 2013 12:15 pm

Hi,

I recently started my own company(LTD) in UK. It is a web design company with development center in India(outsourcing). My company will charge to customers let's say 4000GBP and that outsource company will charge me 2000GBP for their actual service/product. Subject of taxation for me is difference between 4000-2000=2000GBP, right?

Thanks for answers,
Jure

Incredulum
Posts: 2732
Joined: Thu Dec 03, 2009 5:35 pm

Re: Taxation with foreign outsource company

Postby Incredulum » Wed Jan 22, 2014 11:58 am

Right

Mind out for needing to become VAT registered.

kayleycun
Posts: 1
Joined: Mon Jul 27, 2020 5:01 am

Re: Taxation with foreign outsource company

Postby kayleycun » Mon Jul 27, 2020 5:07 am

Any update on this? I was trying to outsource some of my business function as well


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