My clients are EU nationals. They own a small limited company through which they produce design work. During the final year of their companies existence (y/e 31/3/17) they returned to the EU. They now wish to close the company down in the UK, they have taken the remaining monies in to their bank accounts. If this is declared as a dividend, would they be liable to declare the dividend in the UK, given that they have not received the money there?
Many Thanks in advance.
Replies (4)
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You are causing confusion by anticipating the UK's departure from the EU, which despite all the talk has not happened yet.
So when you say "EU nationals" do you actually mean "citizens of an EU country other than the UK"?
And when you say "returned to the EU", do you actually mean "left the UK"?
Assuming I have deciphered your question correctly, it's just a matter of where they are tax resident when they receive the dividend isn't it?