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Remittance issues on payment to UK company

Jo Summers (PWT Advice) answers a query on remittance issues on payment to UK company

Question

My client is non-domiciled and is taxed on the remittance basis. Recently he set up a UK company to provide advice to an offshore investor a company resident in Belgium. His UK company will invoice the offshore investor. I am happy advising on IR35 issues but my client has just mentioned that he actually owns the Belgian company jointly with his sister (who has never been UK resident). Are there any potential remittance issues for my client if the Belgian investor pays the UK company for its advice?

Answer

Since the introduction of the

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