Comments on: AVOID income and corporation tax? http://www.moneysnatchers.com/news/avoid-income-and-corporation-tax/ Thu, 10 Dec 2009 09:16:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David H http://www.moneysnatchers.com/news/avoid-income-and-corporation-tax/#comment-213 David H Sat, 04 Oct 2008 22:36:47 +0000 http://www.moneysnatchers.com/united-kingdom/avoid-income-and-corporation-tax/#comment-213 If you are not domiciled in the UK it will depend on whether you are managing your LLC from the UK. If you are, you are liable to UK tax on its profits. If you're not, then provided the profits stay outside the UK, there is no UK tax. Whatever of the profits you bring to the UK, whether directly or through Portugal or after a round-the-world trip, is subject to UK tax. It's a complicated subject. You really ought to consult a tax adviser for specific guidance in your circumstances. If you are not domiciled in the UK it will depend on whether you are managing your LLC from the UK. If you are, you are liable to UK tax on its profits.

If you’re not, then provided the profits stay outside the UK, there is no UK tax. Whatever of the profits you bring to the UK, whether directly or through Portugal or after a round-the-world trip, is subject to UK tax.

It’s a complicated subject. You really ought to consult a tax adviser for specific guidance in your circumstances.

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