Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
To move these profits just invoice from the HK company to the UK company for professional services for the sum involved. This is how all the big boys, Amazon, Starbucks and Vodafone, all operate although they use a maze of companies in offshore companies in places like Gibraltar, Panama, Channel Islands, Turks and Caicos Islands etc. You will have seen the furore in the media over the lack of payment of UK Corporation Tax (CT) as a result.
I do hope that you have found my reply of assistance.
By moving it out of your HK company. That is the way to do it.
Why should you; the first 5K is tax free anyway.
Or even 45% if you go into the higher bracket and you will loose your personal allowance at the rate of one pound for every two quid over 100K.
If you left it in the UK company the tax would be at 19%.
No, you are generally correct.
I would love to talk to you, but I am responding to you from a time zone 6 hours ahead of the UK making telephoning both impractical and expensive.
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