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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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There. If I am processing funds foreign company in

Customer Question

Hi there. If I am processing funds for a foreign company in the UK and just receiving a 25% profit what kind of taxes would I have to file in the UK?
Submitted: 2 years ago.
Category: Law
Expert:  Alex J. replied 2 years ago.
Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. If you are fund raising by issuing bonds, issuing shares, giving loan notes etc - you wont pay tax on this money. It is not income or capital.
Customer: replied 2 years ago.
Actually its for a product from India.......
Expert:  Alex J. replied 2 years ago.
Hi, Thank you. How are actually raising the funds? Are you selling shares in a company? Are offering a loan?
Customer: replied 2 years ago.
By processing the money from the product
Expert:  Alex J. replied 2 years ago.
Hi, Thank you so you are selling the product?
Expert:  Alex J. replied 2 years ago.
Is the company registered for VAT?
Expert:  Alex J. replied 2 years ago.
The foreign company needs to pay tax in its country of origin. It may still have to pay local taxes like VAT for example but it depends how much money is actually being processed?

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