If you are starting a buisness in the UK is there any reason why you cannot just incorporate your company in Ireland instead and enjoy a lower Corporation Tax rate? You would still be trading in the UK, but as a foreign entity. All profits would then be taxed at the Irish rate of 12.5% presumably?
I assume there would a bit more paperwork and hassle, but this could easily be worth it for the tax saving. Obviously any distributions would still incurr UK tax as this is based on where the individual is resident, but you would have more to distribute in the first place. Even Entrepreneurs relief would be available wouldn't it?
Surely it can't be that easy.... there must be a catch somewhere?