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Apr 12, 2023 · SHELBY COMPANIES LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity.
- Spanish Corporation Tax
- Changing The Business to Spanish Self-Employment
- Setting Up A Spanish Company
- When Having A UK Company Continues to Make Sense
- Brexit Problems
- In Conclusion…..
The first snag is very fundamental. Under Spanish corporation tax rules, if a UK company is managed from a Spanish location then the income it generates is subject to Spanish corporation tax. The UK/Spanish double tax treaty agrees with this treatment. In many cases the UK company has a single shareholder and director and no place of business, exce...
For many individuals the simple solution is to get rid of the UK company and set up in Spain as a self employed person. This couldn’t be easier as closing down a UK company that only charges fees for the work done by its owner is a simple and quick process. Setting up as self employed is also quick and simple. The tax and bookkeeping formalities fo...
For a simple business activity where a person who is just charging fees and there are no commercial risks, such as those that arise from employing staff, buying and selling goods, having trade creditors and debtors etc, having a Spanish company would not be a good idea. This would be ‘using a mallet to crack a nut’. This is because Spanish bureaucr...
In a good proportion of situations, keeping a UK company is the best option. The existing business may have a long trading history in the UK, customers, suppliers, bank accounts and other commercial relationships that should not be disturbed. It may be that it is important to keep a visible UK status even if the owners/directors of the company have...
No article on a complex subject such as this would be complete without mentioning possible problems caused by Brexit. UK nationals who were not resident before 31 December 2020 will not be able to work in Spain without first obtaining a work permit. Not having a work permit prevents registering as self employed in Spain and so restricts the options...
What must be obvious is that the subject is relatively complex and the various options need to be examined and discussed before deciding how best to derive income from a UK business.
Apr 21, 2023 · As is nature of business Shelby Companies – a reference to the famous Birmingham-based show Peaky Blinders – has listed "activities of other holding companies not elsewhere classified". Its'...
Jan 1, 2024 · The general CIT rate in Spain is 25%. Other tax rates may apply, depending on the type of company that is taxed and its type of business. Resident companies are taxed on their worldwide income.
As of 2024, Spain’s corporate tax rate remains a key component within the national taxation system, primarily levied at a standard rate of 25% on resident companies’ worldwide income. However, there are nuances to this rate depending on the size and type of business.
Tax rates. The general rate of company tax is 25%. There is a lower tax rate for newly-formed companies, which applies to the first two years in which it obtains a taxable profit. The rate is 15%.
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Sep 22, 2019 · In this article, we set your mind at ease and explain taxes in Spain, including Spanish income tax rates and bands. The majority of residents in Spain are required to complete a resident tax declaration annually, before the end of June.
