Non-established taxable persons in the UK

If someone has a desire to carry out business activities in the UK but they are not yet ready to set up a business or provide a physical presence, it’s important to know about the opportunities for non-established taxable persons.

Who are the non-established taxable persons in the UK

If the important management decisions are made in the non-UK territory and the establishment of the management of the business is not in the UK and/or the company does not have a physical presence with human and technical resources to make taxable supplies in the UK, such companies are recognized as a non-established taxable person in the UK for the tax purposes.

What are the features of the status of the non-established taxable persons in the UK?

- the person obtains the status of a VAT payer from the moment of the first supply, and obtaining the status does not require achieving the defined threshold of VAT-payable operations;

- the person is liable for paying an income tax as a non-resident, from the total amount of income, generated in the UK;

- the person is liable for submission of declarations and paying the tax on the same terms as other taxpayers;

- the person is not liable for providing a physical presence.

Summarizing the above-mentioned, you can understand that obtaining the status of the non-established taxable persons in the UK is a profitable opportunity for the business.