Can anyone point me in the right direction (fully appreciate I need professional advice).
We currently live in Guernsey (been here 2.5 years), we have now decided to move to the tiny island of Sark....
Sark is pretty unique in that is has no personal tax.
Currently we have a UK business, nothing massive circa £1.5 million turnover with 30% net.
Rather than taking profit via minimum PAYE and rest dividend (as per most UK company directors), could we pay ourselves a high salary and bonus as we are not UK tax resident and not incur any UK tax on the salaries or bonus (as we have been away over 2 years I believe there would be no NI to pay).
If anyone is a specialist in international tax planning please get in touch.
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