UK Tax Questions? Ask a UK Tax Advisor for answers ASAP
Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
These sales will be subject to Andorran tax and, as we know, Andorra is a tax haven.
I do hope that you find my reply of assistance.
Well these days even the UK is considered a tax haven! With Income tax at 5% and 10% from 2015 Andorra might well count as a tax haven!
Hooper & Co, Chartered Tax Advisers and Accounts say:
'In order to fall within the charge to UK corporation tax an overseas entity will need to be trading in the UK through a permanent establishment.'
So that knocks that one out, Andorran tax applies. If the UK sales turnover is below 83K then no registration or VAT accounting is required.
I have a customer in Thailand. He is only taxed on any moneys brought into the Kingdom, not what he earns there. That's the way to do it!
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