H&W UK consultancy ltd. That family moved to Portugal 7/8years ago, no ties with UK, other than the ltd. I’m the registered office, all work is done on the oil rigs in international waters off Scotland.
I spoke to Giles Mooney the other day who didn’t see from a UK CT/PAYE point of view why the salary couldn’t be, say, 95% of income to clear out any taxable profit, with no income tax on the non-resi Director/shareholder.
1. Presumably no E’er / E’ee NICs either, as not a UK worker?
2. Does anyone know what his tax status in Portugal would be?