I have been asked by a client that runs a UK limited company if they move to another country for a period of time (longer than the tax year and not returning in a tax year) and no longer have residence in the UK if dividends paid to them from their UK limited company would be subject to UK tax.
I am happy that the client would no longer be a UK resident (with some final checking) but what I am unsure about is the 'disregarded income'. Would the client still pay UK taxes even though they would no longer be a resident? The UK company does carry out a trade and it has a permanent establishment in the UK only. There is another director based in the UK.
Thought I would ask here before recommending the client to approach KMPG or the like, and it does make a change from all the MTD threads.