1. unitednotions
   Member

   I am looking at launching a new business later in the year, which will be predominantly ecommerce based to begin with. Because of my geographical mobility, this could be incorporated - just about anywhere. I note that the UK small biz tax rate is 21%, but have heard that there are tax breaks in other countries, such are Ireland which has a corporation tax rate of 12.5% - quite a difference!!

   If I ask a typical UK accontant about this, they have no clue. Where would be the best place to get decent advice on this?

   Posted 4 months ago #

2. Doug Richard
   Moderator

   You will find it difficult to get good advice on this subject. Also there are multiple considerations to take into account. One of which is the available talent for the job. You can set yourself up in Gibralter or Guernsey and pay very low taxes but you will find it very difficult to recruit people as your business grows.

   Also the corporate tax rate is not the only tax issue. Depending on whether you will be looking for outside capital different jurisdictions offer investors different benefits.

   There is no doubt that Ireland is very attractive from a tax point of view compared with the UK, and it is full of talented people. But there are too many variables that are not directly tax related to be able to compare without an indepth analysis

   Posted 4 months ago #

RSS feed for this topic

Reply

You must log in to post.