blockchain4ever Active Member Jul 13, 2018 195 94 68 55 May 18, 2020 #1 May 18, 2020 #1 If my UK company with existing bank accounts becomes treaty non-resident, how will the banks know?
Sols Staff member Moderator May 30, 2019 6,164 4 7,124 2,402 May 19, 2020 #2 May 19, 2020 #2 For UK companies, it's pretty easy. It's tax resident by virtue of being incorporated in the UK. It might also be tax resident somewhere else (wherever you live), but it never ceases to be tax resident in the UK.
For UK companies, it's pretty easy. It's tax resident by virtue of being incorporated in the UK. It might also be tax resident somewhere else (wherever you live), but it never ceases to be tax resident in the UK.
blockchain4ever Active Member Jul 13, 2018 195 94 68 55 May 19, 2020 #3 May 19, 2020 #3 If it is tax resident in another country due to the tie-breaker clause in the DTA, then the status is "treaty non-resident". So it is non-resident for tax purposes. INTM120070 - International Manual - HMRC internal manual - GOV.UK My question is: how does a bank know if this is the status of a company?
If it is tax resident in another country due to the tie-breaker clause in the DTA, then the status is "treaty non-resident". So it is non-resident for tax purposes. INTM120070 - International Manual - HMRC internal manual - GOV.UK My question is: how does a bank know if this is the status of a company?