Accountant relocating outside Europe

Accountant relocating outside Europe but still doing accounts for UK based clients

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Accountant relocating outside Europe but still doing accounts for UK based clients who will be paying from their UK business directly to my overseas business account. So my question is if there are any tax implications in the UK?

My firm is currently VAT registered but once relocated I am considering to deregister VAT on my UK practice as the country abroad does not charge VAT even though the income received directly abroad from UK based clients would be exceeding the VAT threshold,  Also, I would be 'Limited' abroad as a new entity.

Thanks in advance.

Replies (7)

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paddle steamer
By DJKL
16th Apr 2024 18:22

How are you going to keep your Agent Registration live with HMRC, or does tax not feature in your offering?

How does AML work when the ASP entity is non UK resident? (one for David Winch)

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Replying to DJKL:
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By Emthi
16th Apr 2024 18:42

I will still regularly visit the UK throughout the tax year (expecting to stay for less than 6 months a tax year) and would still have employees based in the UK who would receive a salary whilst I'm abroad. I would still be able to retain my Agent Registration Live with HMRC. I would offer tax services as I would still be classified as an Agent with HMRC.

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Replying to DJKL:
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By Emthi
16th Apr 2024 18:52

Also, if a UK qualified accountant is abroad, can they not file UK clients accounts?

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Replying to DJKL:
David Winch
By David Winch
16th Apr 2024 21:11

The MLR apply "to the persons (“relevant persons”) acting in the course of business carried on by them in the United Kingdom" and "a relevant person (“A”) is to be regarded as carrying on business in the United Kingdom in the cases described in this regulation .... A's registered office (or if A does not have a registered office, A's head office) is in the United Kingdom; and ... the day-to-day management of the carrying on of A's business is the responsibility of (i) that office, or (ii) another establishment maintained by A in the United Kingdom".
This is from regs 8 & 9 MLR 2017.
So, based on the proposed arrangements, will the business be subject to the MLRs?
David

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By Matrix
16th Apr 2024 18:55

Sounds tempting.

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By FactChecker
16th Apr 2024 21:12

Frankly, I'm lost as to what you're intending:
- "my UK practice .. income received directly abroad from UK based clients"
- "still have employees based in the UK who would receive a salary whilst I'm abroad"

So are your existing UK clients still going to be serviced by your UK company?
Or are you hoping to transfer them all to a new overseas (not UK Limited) company?

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Replying to FactChecker:
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By Emthi
16th Apr 2024 21:40

Yes I’m going to transfer either all of them or a few clients
I am planning to open a branch abroad sorry ‘relocate’ may have been too strong of a word. But the branch abroad would perform most of the tasks for the 75% of clients so client funds would be paid directly abroad. And the 25% of the clients fund will come to UK company, from which our UK employees will be paid from that for work that they do for the clients

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