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Micro Multinationals: A guide to international finance for small businesses by Emily Coltman

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Chapter 4 – What If You Leave The UK Altogether?

You may decide that you want to go and work abroad for a while, either in one country only, or travelling the world. Many freelancers, such as developers, writers and designers, choose to move from country to country as the whim takes them.

What does this mean for tax? When do you stop having to pay tax in the UK and where might you register your business overseas?

People who live and work in the UK are known as ‘UK resident’ by HMRC. If you’re UK resident, you have to pay UK tax on your worldwide income – so if you live in the UK, are resident here for tax purposes, and trade as a sole trader or are a partner in a partnership, you’ll pay UK income tax and National Insurance on your profits, wherever ...

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