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foreign owned companies and tax

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
in Home, Law & Money
so if a comapny is not owned by a UK owner such as for example the power company EDF (and sadly most other companies that trade in britain) are they liable to pay tax in the uk ? I'm just wondering as all we seem to do is sell UK companies to foreign investors and then where does the tax go ? to the UK or to their own government ?

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    The general rule is: trade in the uk = pay uk business tax. Doesnt matter who owns the company.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    ok any way around the rule ?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    simons-photography wrote: »
    ok any way around the rule ?

    I might be wrong but if you set up your business heaquaters in the channel islands you pay less tax.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    simons-photography wrote: »
    ok any way around the rule ?

    A few. Such as where your headquaters are, where you wright any losses off to (Merry Lynch, US owned company wrote off billions as ligitimate UK trading losses and cost the treasury millions) etc
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