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Company Registration and Business Bank Account

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, archigabe

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msx273
Senior Member
Posts: 549
Joined: Thu Mar 14, 2019 8:38 pm
Saudi Arabia

Company Registration and Business Bank Account

Post by msx273 » Mon Sep 09, 2019 5:30 pm

Dear Mods and Experts,

I have been recently granted with Tier 1 Visa.

I need some important clarification, i was not resident in UK but since our business is with UK Universities, I already have my company registred in uk and UK bank account, but I'm not resident in UK so am i lialbe to pay tax ??

Kindly advise

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Zerubbabel
Respected Guru
Posts: 2517
Joined: Fri Jul 06, 2018 7:13 am
Mood:

Re: Company Registration and Business Bank Account

Post by Zerubbabel » Tue Sep 10, 2019 7:44 am

Hello

This is not an immigration but tax question.

Your company pays taxes in the UK, regardless where you were. Any money made by the company in the UK, is, in principle, taxable in the UK.

Yourself, you don't pay taxes in the UK for money made when you weren't resident in the UK.

Still, you need to go to a tax Adviser as these maters can be very complex and each person is unique when it comes to this sort of things.

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marcnath
Moderator
Posts: 6480
Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: Company Registration and Business Bank Account

Post by marcnath » Tue Sep 10, 2019 1:51 pm

abuhf wrote:
Mon Sep 09, 2019 5:30 pm
Dear Mods and Experts,

I have been recently granted with Tier 1 Visa.

I need some important clarification, i was not resident in UK but since our business is with UK Universities, I already have my company registred in uk and UK bank account, but I'm not resident in UK so am i lialbe to pay tax ??

Kindly advise
Please continue in your original thread and do not start new threads for each question.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

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