HMRC on Not Taxing Non Resident Companies

HMRC have issued a briefing paper “taxing the profits of companies that are not resident in the UK” which tries to explain why, without naming them, it won’t tax foreign internet companies in the same that that France does, for example. Of course a lot turns on the exact meaning of a “permanent establishment” for the purposes of international tax law. But it appears to some people that HMRC applies one version of tax avoidance to UK companies but another easy version to large US companies making profits out of the UK.

Eamon McNicholas
Tax Barrister, Accountant
http://www.EamonMcNicholas.com

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About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
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