Registering an off shore company for UK corporation tax?

Registering an off shore company for UK...

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Dear Friends,

I hope you can help, as nobody to date in the offices of HMRC anywhere has been able to advise me how I can proceed with this matter.

I have been asked to register for UK Corporation Tax a company incorporated in the British Virgin Islands. This company owns a property in London which it is renting to a third party. An agent is collecting the rent, but will not release it to the company without a UK Corporation Tax Reference Number. 

HMRC were to get someone who knows about these things to call me back within two working days. Four have elapsed since and I need to deal with this soon. Does anybody know the procedure in such instances? Which Tax Office deals with it? 

Many thanks,

Martin Downey

Replies (5)

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By King_Maker
18th Mar 2014 14:56

Is the company UK resident or not?

If the latter, it is likely to be subject to Income Tax not Corporation Tax for UK source income (like rental income).

http://www.hmrc.gov.uk/worksheets/2012/sa750.pdf

 

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By Steve Kesby
18th Mar 2014 15:03

Agreed

It sounds as though the company is actually non-resident and needs to register under the non-resident landlords scheme. See HERE for contact information.

As such it would be liable to UK Income Tax at the basic rate of 20%, rather than Corporation Tax.

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By ann domonkos
18th Mar 2014 15:03
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By skhan
19th Mar 2014 00:25

Non Resident Landlord Registration

This should have been in place.

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By Alex997
12th Sep 2014 10:48

More info on corporation tax

In case you need more info on corporation tax here in the UK:

http://goringeaccountants.co.uk/corporation-tax/

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