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Thanks Keith. However, if we cannot prove income in the UK, it might be difficult for mortgage purposes or immigration purposes (to USA).
My husband pays tax in Kenya for the income though. We both are british passport holders.
Hi Padmini S
Before going down the corporate road I would be inclined to check with the relevant authorities, mortgage providers and the US Border and Homeland Protection Agency if they will accept a Kenyan tax assessment as a proof of earnings. It would save an awful palaver.
Furthermore paying an income through a company from funds already taxed would expose the recipient to UK Income Tax and NI, effectively taxing the same income twice.