Thanks for your question
Yes you will as the companies are connected and the UK office is the first to be established and therefore will maintain a UK liability both for the company and any directors and their tax positions.
As individuals there may be scope to be treated as not labile to Uk tax due to non residency as long as
1) You move and work and out of the with visits of no more than 91 days a year in the Uk non of which are for work purposes, and that you sever all other ties other than the existence of this company based in the UK (so no family, no property etc)
2) That you ensure that you comply with tax jurisdictions within India and meet all their tax obligations
3) That you allow HMRC to be involved in the process (if you are paid from the UK) by completing form P85 (each director involved) so HMRC can make a formal decision regarding your tax residency and tax position
Link here for form P85 https://www.gov.uk/government/publications/income-tax-leaving-the-uk-getting-your-tax-right-p85 this is either an online submission or you print off, fill in and then post to HMRC
Let me know if I can assist further
Thanks for your response
Yes but then the tax you suffered in India against the company profits could be offset against the Uk corporation tax bill that arises in the UK
I cannot comment on whether there would be any benefit in maintaining the UK company as we are Uk tax experts not financnail advisers and are not permitted to offer advise on business strategies, you would need to seek financial advsie laying out your reasons why you would maintain a UK presence - and then permitting a financial expert to weigh up the benefits for you
We do have UK financial experts here on just Answer, so perhaps listing a new question after we have concluded the tax position would be an idea.
Please let me know if I can assist you furtehr with the tax position, if you have all that you need, then it would be appreciated if you could rate the level of service I have provided (or click accept) as this ensures Just Answer credit me for my time
Thank you - that is much appreciated
Did you want a phone call from UK tax or re the financial side of matters?
Which expert did you want? Tax or financial and note there is an additional charge due -
If its for financial you will need to post a question on the UK financial forum within Just Answer.
If tax can I ask what you wish to discuss?