Election for Branch Exemption

If I setup a branch in a foreign country where it is situated in a tax free zone jurisdiction (where there is a DTA in place with UK), 1. Can we elect for branch exemption? 2. If we cannot elect for branch exemption, the profit which is not taxable in the free zone, will it be taxed in UK?

Hi Gideon Quah,
Double Taxation legislation is designed to prevent income from being taxed twice, therefore if there is no tax obligation in either of the countries then it is usually not covered by a DTA.
HMRC cannot give you tax planning advice as Corporation Tax is self-assessed.
It is your responsibility to read the guidance and decide whether UK Tax is applicable or not.
If you need support you will need to speak to an agent and or an accountant.
Thank you