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Posted Wed, 10 Jul 2024 18:56:54 GMT by Pavel
Hello! I have a question. I am planning to open a company in the UK, and this company will sell board games exclusively in the USA. My question is: What taxes in the UK will need to be paid on the profit earned from the sale of board games in the USA?
Posted Wed, 17 Jul 2024 13:28:14 GMT by HMRC Admin 25 Response
Hi Pavel,
Limited companies that are incorporated in the UK are normally subject to orporation Tax on their worldwide profits.
 UK-incorporated company is, with certain exceptions, resident in the UK for tax purposes.
Companies may also be required to register for value-added tax (VAT) and pay-as-you-earn (PAYE).
You can find HMRC guidance on each of these topics by going to:
Corporation Tax
Register as an employer
Thank you. 
 

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