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Bargoed Information:

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Corporate Tax Information:

[snippet ...] You'll also pay Class 4 NI once your business's profits go over £8,060. You should also not make use of your employer's supplies, materials or intellectual property. The classical system was reintroduced in 1999, with the abolition of advance corporation tax and of repayable dividend tax credits. For example, taking copies of proprietary software to use in your business is a criminal offence. Class 2 NI is £2. You must be very careful about separating your personal business activities from those of your employer. It's potential to be resident in the UK and one other country at the same time, which amounts to dual residence.

This does not apply to these individuals who have been resident in the UK in less than four of the seven tax years previous the year of departure. For British Expats who have been non-resident for someday, outlined as individuals who haven't been UK tax resident in any of the earlier three UK tax years, the arrivers tests will apply.

The fundamental tax rule is that non-residents are solely chargeable to tax on revenue arising from a source within the UK.

This doesn't apply to those people who had been resident in the UK in less than 4 of the seven tax years previous the 12 months of departure. » Read entire article »