What is a certificate of residence?

A certificate of residence is required to claim tax relief in another country if the company pays tax on its foreign income in the UK. If the company has already paid the tax it may be due a tax refund.

A certificate of residence may be required if the company is resident in the UK and there is a double taxation agreement with the country where its trade takes place.

The overseas authority dealing with the claim will require a certificate of residence and will decide if tax relief is granted.

What UK businesses are corporation tax exempt?

All business are required to pay corporation tax although some organisations have tax exemptions (eg charities, community amateur sports clubs, community interest companies and mutuals).

What is a UK UTR number?

All companies and self-employed individuals in the UK have a Unique Taxpayer Reference (UTR). These are issued by HMRC when the company was set up or a self-employed individual registered for self-assessment.

Where to find a UK UTR number?

The Unique Taxpayer Reference can be found on tax returns, notices to deliver a tax return and other correspondence from HMRC.

What is UK business tax relief?

If your business meets certain criteria it may qualify for certain tax relief, for example research and development tax credits or video games tax relief. It is also possible that a business may receive help with business rates if it is a small business or fulfils other criteria set by the government.

Author: Chris Morey, Director, Plus Accounting

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