choice of registered office

if a Scottish shareholder forms a company would it be best to have the R. O. In England?

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A client lives in Scotland but has formed a company with a registered office in England. The company holds shares in a property company and will just receive and pay dividends. 

Would it make any difference tax wise as to whether the registered office is in England or Scotland?

Replies (16)

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By Accountant A
24th Apr 2017 11:51

Today I would say not but who knows what the future holds and what provisions a Scotland: UK Double Tax Agreement might include?

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Replying to Accountant A:
By Ruddles
24th Apr 2017 12:06

What Double Tax Agreement? When Scotland gains independence, and its rights to oil and gas revenues, it will be able to dispense with all taxes and become the new BVI. Unlikely that rUK government would enter into a Treaty with such a tax haven.

Now, where did I put my tongue? Oh, there it is - inside my right cheek.

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Replying to Ruddles:
paddle steamer
By DJKL
24th Apr 2017 15:14

Sorry, you just do not know Scotland, it will never qualify as the Virgin islands, the winters are just too dark and there is nothing else to do.

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Replying to DJKL:
By Ruddles
24th Apr 2017 15:25

But need it be so dark? SNP supporters and the Greens clearly think that the sun shines out of Wee Jimmy Krankie's backside.

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Replying to DJKL:
RLI
By lionofludesch
24th Apr 2017 16:33

DJKL wrote:

Sorry, you just do not know Scotland, it will never qualify as the Virgin islands, the winters are just too dark and there is nothing else to do.

Ullapool's nice in July though. Apart from the midges.

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Replying to lionofludesch:
By Ruddles
24th Apr 2017 16:48

A glass or two of Scotch and a Marmite sandwich will keep them at bay. (You drink the Scotch and throw the sandwich at them.)

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Replying to lionofludesch:
paddle steamer
By DJKL
24th Apr 2017 17:06

Its a drive and a half, but scenic. I have not been up there since 1991, Strathpeffer to Ullapool over the top to Bonar Bridge and then back to Strathpeffer.

Last year I was thinking about a trip up to Sutherland/Caithness to fish for brown trout this year, over the years I read a lot of the late Bruce Sandison's writing and it sounds like angler's heaven. Apart from working up in Lewis, Ullapool/ Bonar Bridge is the furthest North (in the UK) I have ever ventured, not sure why just how it has been.

MTD does make for strange thoughts of life is too short, why not do something different, I even suggested to my other half we should sell up and say buy the Ben Loyal Hotel at Tongue. She was not over keen, she also burst my bubble pointing out that if I were pulling pints I would not be fishing. and there were also a few other choice words thrown into the conversation, so the best I expect I will manage (if I manage) is a three/four day soiree on my own; peace, solitude and midges.

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Replying to DJKL:
RLI
By lionofludesch
24th Apr 2017 17:17

The flows are something different. Never seen so much peat. Even in Ireland, which is well-known for it.

We went to the Falls of Shin a few years ago, called in at the visitor centre, there's an eight foot statue of a bloke in a kilt there. I thought to myself, "he looks familiar". Wife had no idea (she's from Belfast). Course - it's Mohammed Al Fayed, isn't it? He owns the place.

Not that I'm saying he's obsessed with himself or anything.....

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Replying to lionofludesch:
paddle steamer
By DJKL
24th Apr 2017 17:36

Falls of Shin, you would be after the salmon, salmon fishing is out of my price range but trout do nicely and imho taste better.

Lewis certainly has peat, when you fly over you can, on the odd day when the cloud is not on the deck, and the rain is not horizontal, see the strips from the plane. Great smell when burning, my Dad's cottage used it, rare heat and aroma.

Lewis is one of the more interesting landings, you come in over the bay and get lower and lower to the water, just as you think the wheels are going to get wet the plane touches the edge of the runway and you are down.

Having said that I believe (have not done) not as interesting as a Barra touchdown, my Mother in Law did that one a few years ago-stunning.

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Replying to DJKL:
RLI
By lionofludesch
24th Apr 2017 17:51

I'd love to fly into Barra.

The salmon were leaping up the falls at the time (late September). It's a rare sight. They must be bu99ered by the time they get to wherever they're going. About one leap in ten is successful.

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Replying to lionofludesch:
paddle steamer
By DJKL
24th Apr 2017 19:52

Similar to my success rate at the triple jump when at school.

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John Stokdyk, AccountingWEB head of insight
By John Stokdyk
25th Apr 2017 10:24

Could the members who have turned this thread into a discussion of Scotland's sights and politics please remember that this was a serious query? You have since hijacked it so far off topic that no one else will get any value from it.

AccountingWEB is intended in the first instance to be a professional resource for accountants. If you want to discuss holiday destinations or politics, please start your own tread on those subjects and assign them to the "Time Out" category ("Water Cooler" tag is useful too). You can continue your conversation there without frustrating other users.

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Replying to John Stokdyk:
paddle steamer
By DJKL
25th Apr 2017 10:41

John

The question was answered by the first response, unless one has a crystal ball,so imho no harm was done, we did not stifle responses and there is little meaningful to add until Scotland (if Scotland) obtains devolved taxation re companies-the personal tax position re dividends is already different but of course, that was not the question.

However I will now, as requested ,desist from posting.

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Replying to John Stokdyk:
By Ruddles
25th Apr 2017 10:49

Oh come on, John. The question was already answered.

As for your comment about this site being intended to be a professional resource for accountants, your time would therefore be better spent in weeding out the c r a p that we have to face every day from ungrateful freeloaders looking for a bit of free tax or accountancy advice.

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Replying to John Stokdyk:
RLI
By lionofludesch
25th Apr 2017 11:11

Take your point about the travelogue, John, but the discussion on Scottish politics is wholly relevant to a decision on whether to site a RO in Scotland, that strange composite area Englandanwales or, indeed, Northern Ireland with its potential lower rate of Corporation Tax - if they ever put the Assembly back together again in this post-ChuckleBrother era.

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By Mr_awol
25th Apr 2017 11:16

I thought it ceased to be a professional resource for accountants when they modelled it on the CBEEBIES site and did their best to drive all of the most helpful contributors away?

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