Using double tax treaties to avoid tax and extracting profits from a UK company tax efficiently
We've uploaded a couple of updated and revised articles to the site. These are:
Which is the most tax efficient way to extract profits from your UK company?
This covers the main tax implications of dividends versus salary and pension contributions and runs through a few examples showing exactly what the tax impact is. This includes the 07/08 changes. We've also got the Best way to extract profits tax calculator available on the site which allows you to input your own figures.
Offshore tax article- A closer look at the provisions of a double tax treaty and how they can be used to reduce tax
This is a very common question and I've found that many people are interested in what impact a double tax treaty can have. This article takes the UK-Spain double tax treaty and explains in plain English what the provisions actually mean.