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If you are resident in the UK and control a US company, HMRC need to be told about it. https://www.gov.uk/guidance/controlled-foreign-company-an-overview https
by chrisdew 11y ago
If you are resident in the UK and control a US company, HMRC need to be told about it. https://www.gov.uk/guidance/controlled-foreign-company-an-overview https://www.gov.uk/guidance/controlled-foreign-company-an-ov...
The US company will pay 20% UK Corporation Tax on (worldwide) profits and need to fill out CT600 each year.
You will probably be able to pay lower taxes in the US as a result of double taxation treaties, but it's going to be a very tedious task to organise.
- phillmv 11y agoAha, that's fair. Judging by the site it seems you'll have to take care to demonstrate that you're not shifting UK derived profits; but either way you'll want to chat up an accountant. In my jurisdiction, to my knowledge and experience, they're considerably more lax.