Setting up a business in the UK with an offshore corporate structure : Limited company, LLP or International Holding
Please either call our London office direct on +44 (0)20 7801 3112 or complete our contact sheet to discuss how Access Business UK can assist you with your business objectives.
Let us guide you through the key advantages of the different business structures in the UK: Ltd Company, LLP, International Holding.
Access Business UK offers from simple and efficient turnkey solutions to customised incorporations and company management services for both UK and offshore corporate structures.
Corporation tax (payable on worldwide income including ordinary income and Capital Gains) is paid by UK companies based upon accounts, which are submitted to the Inland Revenue and the Registrar of Companies at the end of the company's financial year. A company is free to choose its financial year-end.
Companies pay corporation tax at the rate of 20% where the net profit before tax does not exceed £300,000. The tax payable increases thereafter in stages until the net profit before tax reaches £1.5 million where the top rate of corporation tax is charged at the rate of 26%.
|Next £1,200,000||Marginal relief|
|On Profits over £1,500,000||26%|
|Non-Corporate Distribution Rate||20%|
The United Kingdom is party to more double tax treaties than any other sovereign state.
United Kingdom companies pay dividends out of their post tax profits and the payment of dividends is not subject to withholding tax regardless of where the recipient is resident.
The recipient of a dividend is provided with a tax credit equivalent to 10% of the gross amount.
It is worth noting that in the UK the computation of profits for taxation purposes often disallows such items as depreciation of capital purchases and entertaining.
The standard rate of VAT is 20% but certain categories of goods are exonerated or zero rated.