UK subsidiary of Tax Exempt Parent
I have a situation where a UK company is owned 100% by a company in a tax free area.
The companies only function is to act as a marketing presence in the UK and as such its only income is marketing fees from the parent.
Its only expenses are payroll items for its employees and other admin costs ( travel, rent etc)
it has to charge vat on its maangement fees and has taxable profit that it pays CT on.
My question is. Can the company reorganise and act as a branch. If so then presumably it would just be a loss making branch as the Management Fee could be ignored.
- Xerocon 2016 986 23
- buying asset and settling vendor's debt 184 5
- Entrepreneurs' Relief upon sale of a cash rich company 2,175 40
- Posting invoices with balance brought forward 201 7
- HMRC now overriding SA bank repayment details on tax returns 570 12
- Personal Tax 466 11
- USA Tax Query 133 1
- Disengagement Help! 1,654 25
- Is HMRC Basic Tools basically wrong? 935 6
- Expenses paid by director (the comapny owner) 248 2
- Write an article on latest tax changes for landlords. 591 18
- Corrupt Excel File 671 10
- Website costs (intangible assets) tax relief 342 4
- Is Xero payroll as rubbish as I suspect it is? 1,962 43
- Locked Out of HMRC Online Account - HMRC Not Responding 288 2
- Re-Training costs - tax reief 391 7
- Capital Gain on Share Disposal with Held Over Gains 150 1
- 64-8's amazingly quick 286 4
- last minute request 488 5
- VAT - Check on clients business 1,250 46