Date of publication: November 2016
The UK is an attractive place to do business and a great springboard to the rest of Europe
There are a number of reasons why the UK may be the right choice for your business.
Corporation Tax in the UK is 20% and is set to fall over the next few years reaching 17% for the year commencing 1st April 2020. The lowest in the G7 and the G20.
There are only 3 main taxes to register for. To perform the registration process for all of these can cost less than£1,500.
An extensive network of double tax treaties allows for tax efficient investment.
No Capital Gains Tax on the sale of UK shares for non-residents, and normally none on sale of shares in a 10% or more subsidiary.
Employing Staff – Did you know?
6 months or less – if your employee is going to work in the UK for less than 6 months, they can remain on the payroll of the group company that employs them. They don’t even need to become a UK tax resident. However, in order to utilise these provisions you need to get an Appendix 4 agreement in place.
2 years or less – if your employee is going to work in the UK for less than 2 years, you can meet the reasonable costs of their accommodation, without them being taxed as a benefit.
5 years or less–depending on which country the employee is coming from, if they are planning to work in the UK for less than 5 years it could be possible for them to remain on the social security system of their home country.
Why the UK?
Why Oury Clark?
Don’t just take our word for it…..
Contact us for a free meeting or conference call to discuss your UK/European plans, with absolutely no obligation.
1 Source: FT fDi report 2016
2 Source: The World Bank’s Economy Rankings
3 Source: Global Competitiveness Survey 2016-17
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