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Where Taxpayers and Advisers Meet

Non UK resident Director Taxes

SimBadd64
Posts: 1
Joined: Sun Apr 29, 2018 1:08 pm

Non UK resident Director Taxes

Postby SimBadd64 » Sun Apr 29, 2018 1:12 pm

I am in the planning stages of starting a Limited Company in the UK with 2 directors: Myself (UK resident working solely in the UK) and my business partner (US resident working solely in the US). All our meetings would be virtual with little to no travel to conduct meetings in person.

Is my thinking correct that I would run normal PAYE and NI deductions for my own salary but that this would not be needed for him in the US as he would file locally?

Thanks in advance

GlobalTaxAdviser
Posts: 633
Joined: Fri Dec 05, 2014 1:18 am

Re: Non UK resident Director Taxes

Postby GlobalTaxAdviser » Mon Apr 30, 2018 9:49 am

Your US partner may end up paying tax on the UK company profits in the US depending on where the company is being managed from.

You can remunerate through a mix of Salary and Dividends to optimise personal taxation

Kind Regards

GTA


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