Non Resident Director
of a UK Company

If you are resident outside the UK but managing your own UK based company then particular attention should be paid to how you take remuneration and profits out of your company. The UK penalty regime could present potential issues for non-resident directors. Fortunately, some straightforward planning does exist to reduce this risk.

As owner of the business, there are steps that you can take to minimise your exposure to expensive overseas social contributions.  You may also be able to take advantage of tax planning ideas and international Double Tax treaties.

Is a UK tax return due? Sometimes, according to HMRC.  A director of a UK company is within the criteria for self-assessment and this includes non-resident directors.

Contact PetersonSims for a review of your current position and advice on potential savings.