UK Tax Blog

UK & Offshore Tax Planning Blog

Summary of the new global minimum tax (Pillar 2)

Key Mechanisms The aim of the Pillar Two proposals is to ensure that MNEs pay a minimum level of tax regardless of where they are headquartered or the jurisdictions they operate in. It seeks to achieve this, broadly by the operation of two…

10 Reasons To Use An LLP

10 Reasons To Use An LLP 1. Flexible business structure. 2. Key individuals can be rewarded and retained by offering share of income profits and capital profits on a disposal without having to resort to establishing share schemes such as the EMI. 3…

Can you 'choose' where to pay tax?

A common question is 'Can you choose where to pay your tax?'. In other words if you're a non UK resident and are selling a UK asset can you choose whether to pay tax in the UK or overseas? This is common where the UK asset that is being sold is a…

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