My partner (UK citizen) and I (Polish citizen) have formed LLP in the UK to provide consultancy business. We as individuals are partners in LLP.
Apart from LLP, I have a sole trader legal entity in Poland, which enjoys decent flat tax rate of 19% (regardless of income).
My partner is reporting taxes in the UK on his personal level.
My question is - can I use my sole trader Polish entity to invoice LLP -> be taxed in Poland with 19%?
- Client wires us 1,000
- I invoice LLP for 500 -> taxed in Poland
- Remaining 500 is drawed by my partner -> taxed in the UK
Not sure if explained correctly, but you hopefully get my idea. What are my options?