Recent content by business_hero

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    Tax Question - UK Companies and Non-Resident Status

    The way I understand how DTT works would be the following: Under double taxation treaties, dividends from a UK company to a non-UK resident are typically taxed first in the UK at the treaty rate, then in your country of residence at their rate, with credit given for the UK tax - not the other...
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    Tax Question - UK Companies and Non-Resident Status

    Hi all, I'm exploring tax implications of becoming a non-UK resident while maintaining business interests in the UK. Looking for advice on the following structure: Current Setup: UK holding company that owns a UK trading subsidiary Trading subsidiary generates most of the income Salary of...
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    Hiring interns based outside the UK?

    Hi there, A UK limited company would like to hire intern that are physically based outside the UK (most likely in the European Union or Switzerland). Do you know how this could potentially work? I understand that an EOR provider might be required but they usually charge around $500...
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    Selling debt to a debt buyer?

    Thanks everyone
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    Selling debt to a debt buyer?

    The business has only a virtual office as far as I know. I spoke to debt collectors and they told me that the chance of recovery would be low as there would not be any physical assets to seize. Could they also freeze their bank account?
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    Selling debt to a debt buyer?

    Hi there, A UK LTD owes me around £2,000 and I have obtained an enforceable CCJ. However, the company is not willing to fulfil their obligation. My lawyer advised me that I could serve an SD. However, I have too many other things to do and willing to sell the debt at a discount. Are there...
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    UK based company - dropshipping from China

    Ok. But in this case, the supplier will have to know what price the Limited sold the good to the customer for? Otherwise, would be embarrassing if the customer sees the price the supplier charged. Also, how would it change if the supplier has fulfilment hubs in the EU (for example), ie has...
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    UK based company - dropshipping from China

    So the limited would have to submit VAT returns in all of the countries where customers are located? In which scenario would the UK limited be able to charge UK VAT to international customers or even apply zero rated VAT? How do stores then generally deal with global shipping? A lot of stores...
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    UK based company - dropshipping from China

    How about VAT (irrespective of the VAT threshold) if a UK limited’s customers are based in the EU or US but supplier ships from China directly to the customer? Is VAT always payable in the UK?
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    Articles of Association | provision for shareholder's bankruptcy

    the business depends on the "input" of us both. If one person is not able to bring any input, they should not benefit from it going forward. If the economic interest of the business falls in the hands of the creditor, the person in bankruptcy will likely not bring any input to the business...
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    Articles of Association | provision for shareholder's bankruptcy

    To be honest, I am actually also a bit concerned about this (trustee might not be bound by it). Essentially, I have a JV with someone else and we both own the shares in the trading business through our HoldCos. The trading business relies on the work/input of us both. Therefore, I just want...
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    Articles of Association | provision for shareholder's bankruptcy

    Hi all, I would like to set a provision in the articles of association that in the event of a shareholder's bankruptcy, the other shareholder's should have the right to acquire the shares of the shareholder in bankruptcy for a £1). The complicated part is that the shares in the company are held...
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    Which bank do you recommend for Holding companies?

    I have just seen that the account balance limit is £50k for the free GO account and £250k for the paid for EXTRA account. I will get in touch with them to request a higher limit, but could be a deal breaker.
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    Which bank do you recommend for Holding companies?

    Thank you
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    Which bank do you recommend for Holding companies?

    Hi there, I have a bank account with Metro Bank but I am extremely dissatisfied with their customer service, with their connectivity (no XERO direct feed), and their app (I have a multi-currency account and the app does not show any balances or transactions!). Unfortunately, a number of banks...
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