Foreign company: liability for UK taxes?

[camngnp223]

I have what is probably a trivial question for the experts on here.

I've just been employed to work for a foreign (Indian) company which develops/trades property (houses and flats) here in the UK.

Other than the properties it buys and sells, this company has no physical presence in the UK. What (if any) UK taxes would the company be liable to? Is there some sort of withholding tax at the time of a sale?

Huge thanks for helping me slake my interest,

Cam
:|

 

[jholden]

You don't say if the Indian company has a UK subsidiary or anything else, but more importantly, I am wondering why are you asking?

You say you have been employed, do you mean as an employee or a contractor, and is it you are worried about being paid as you mention they have no UK assets?

Jason

 

[camngnp223]

Thanks for your quick response!

I only work for them on a short contract and have been paid in advance. Thus, I'm not worried about being paid.

The company doesn't have a UK subsidiary. I'm really just curious to know what UK tax liabilities it might face as a company that seems to be entirely offshore and outside the EU.

Again, many thanks,

Cam

 

[elaine@cheapaccounting]

Are you concerned about the tax you pay or the tax this company paid. The company's tax arrangements will be impossible to comment on as you have very little info on there set up, structure etc.