I have had a query from a client based in Cyprus looking to relocate to the UK with his family (runs own web design business). He intends to send this son to private school and wants to pay the school fees from the business (will not be able to justify this as a business expense). If he takes a dividend/ withdraws money from the business and brings it into the UK, will he have to pay any UK tax on it?
Also if he starts to run the business from the UK, will the company have to pay corporation tax?
Is there any way he can bring money from Cyprus in to the UK without having to pay any tax on it.
Is their any useful guidance on tax related issues for overseas settlers to the UK, the HMRC guidance is very long and complicated!
Any advice will be greatly appreciated.