Tax incentives from Great Britain

Great Britain has always provided substantial tax breaks, and we want to remind you of the main advantage of using English LTD companies as holdings.

Small companies receive full exemption from taxation of foreign dividends if they come from a territory that has an agreement on avoidance of double taxation with the UK (containing an article on non-discrimination). The list of such territories includes Hong Kong, Russia, Ukraine, Cyprus, Malta, China, Canada, Ireland, Singapore, Kazakhstan, etc. Full list of countries that have agreements on avoidance of double taxation with Great Britain is available at: https://www.gov.uk/hmrc-internal-manuals/international-manual/intm412090.

According to current legislation, corporate tax in Great Britain is 19%. 

Corporate tax rate will be lower if your company provides charitable assistance. Amount of your donations or contributions can be deducted from total business income as tax benefit.

Income tax is a progressive one (depends on the level of income). The first 5,000 pounds sterling of the dividends from a company's shares are not taxed.

You can check the information regarding the issue whether you pay correct amount of income tax on the website gov.uk. You have an opportunity to check your income tax payments and calculate an amount of payment that you must contribute during current tax year (6/04/2017 - 5/04/2018). 

You can also check the amount of income tax paid for the last year and assess whether it matches the one you were supposed to pay.