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Post Info TOPIC: UK tax returns to HMRC for a foreign non-resident Director of a Limited Company


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UK tax returns to HMRC for a foreign non-resident Director of a Limited Company


Hello everybody!

From what I've learnt online so far, any UK Director of a Limited Company MUST file tax returns even if there is no salary paid for the job. BTW, as far as I know, UK law doesn't require that in a first place (i.e., that a certain compensation MUST be paid to a Director for his duties) - correct me if I'm wrong here... Anyhow, if the Director is foreign and non-resident with no any connection to the UK, except through the newly established company... So far there's no revenue and obviously no profits (we're just starting to operate). There's a British law firm that represents our interests in the UK. Now my question is... If the Director can't get his NI number, then how he can file his tax returns without one? From what I've read, UK NI numbers are only available to the UK residents. So what's the procedure in this situation?



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No, not all UK directors have to file SA tax returns.

If a director is non-resident and has no UK income then there is no requirement to file SA.

If you have gone through the trouble of engaging a law firm I would suggest that you also engage an accountant both in the UK and in the country in which you are resident.



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



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Thanks for your reply!


I had to go through the trouble (and expense) of engaging a British law firm Of course, I can pay also everybody else, but for a start-up company without almost any revenue (let alone profit) it would be too hard to do that. So I'm trying to do stuff that I can myself.



-- Edited by Gregory on Monday 13th of July 2020 01:16:23 PM

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Gregory wrote:

Thanks for your reply!


I had to go through the trouble (and expense) of engaging a British law firm Of course, I can pay also everybody else, but for a start-up company without almost any revenue (let alone profit) it would be too hard to do that. So I'm trying to do stuff that I can myself.

I've seen in A FEW places that UK Directors MUST do that. And there're FINES if you don't file it in a timely manner. I'm not asking here for a personal opinion. What I'm trying to establish is a legal basis for doing so and so. You're saying that I don't have to do that. Great! What's the official UK document that states that a foreign non-resident UK Director is exempt from filing UK tax returns?


This site is not here for business owners to freeload for information.

We are trained accountants and bookkeepers on here and do this for a living - ie you need to pay for such advice.

Why do you think it is acceptable to pay for legal advice but not for Accountancy and Tax advice?

Start up company or not - tax planning is key and the key word is 'planning'. You should have appointed one before you set up the company so you will have missed a few tax advantages already.

If you want a link to an official document then you could look at the appropriate taxes act on the legislation site.



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Caron



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Gregory wrote:

Thanks for your reply!


I had to go through the trouble (and expense) of engaging a British law firm Of course, I can pay also everybody else, but for a start-up company without almost any revenue (let alone profit) it would be too hard to do that. So I'm trying to do stuff that I can myself.

I've seen in A FEW places that UK Directors MUST do that. And there're FINES if you don't file it in a timely manner. I'm not asking here for a personal opinion. What I'm trying to establish is a legal basis for doing so and so. You're saying that I don't have to do that. Great! What's the official UK document that states that a foreign non-resident UK Director is exempt from filing UK tax returns?


Just to add to what Caron has just said

This is not a personal opinion!

You say you have seen a few places where they say all UK directors must file SA, where? and on what basis do you believe them correct, some do have too some do not

It will be hard to find an official UK document that states a UK non-resident does not need to file a return, some do have too some do not, if a document existed for everything that you did not have to do there would be a lot of paperwork in this world, you need to look at when you do need to submit one



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



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Date:

Gregory wrote:

Thanks for your reply!


I had to go through the trouble (and expense) of engaging a British law firm Of course, I can pay also everybody else, but for a start-up company without almost any revenue (let alone profit) it would be too hard to do that. So I'm trying to do stuff that I can myself.



-- Edited by Gregory on Monday 13th of July 2020 01:16:23 PM


A double faux pas. Or make that treble. Or quadruple.

Freeloading.

Changing your post AFTER someone has responded

Criticising a response/demanding information (bold - shouty style)

Notr actually reading what Doug said in the first instance properly. (You have certainly misquoted him)

edited to add the 4th!



-- Edited by Casu on Monday 13th of July 2020 01:25:48 PM

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Caron



Master Book-keeper

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Artois wrote:
You say you have seen a few places where they say all UK directors must file SA, where?

Ahem..... gov.uk

Artois wrote:
and on what basis do you believe them correct,

Ah, point taken biggrinbiggrinbiggrinbiggrinbiggrinbiggrinbiggrin



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John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.

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