Selling Silver & Gold as a hobby or a trade - it really matters so take heed!

[Goldhooked]

1 hour ago, Bullionbill01 said:

Or Isle of Man / guernsey - even Ireland is only 10% corporation tax hence why all the big boys are there - google, facebook etc

Just saying there are options if tax is really crashing you profitability - UK is a rip off.

It’s not really the best suggestion to say just move somewhere else.  That solution probably only works for a very small minority.  Most people have ties such as family and friends or kids schools and their friends and so on.  For a lot of people there are far more important things in life than the amount of tax they pay.

[Martlet]

3 hours ago, BackyardBullion said:

Yes indeed

Sounds like a nice loophole for those those that can exploit it.

Should it be allowed at all is the question. Seems a little unfair that someone earning £150,000 per year pays only 7.5% tax compared with your average tax payer in the UK.

Sort of, the money usually only stays untaxed if it remains offshore.  Bring onshore and taxes become liable.

[sovereignsteve]

5 hours ago, Bullionbill01 said:

Company is registered in Jersey so doesn’t apply thankfully.

So your original post about how simple it was to pay only 10% tax without mentioning this offshore connection was misleading and didn't really add anything to the conversation, other than to suggest how clever you were?

[FlorinCollector]

As you say this is a thing billionaires can do and big companies. I think if you were to do it you as an individual are only allowed to come to the UK so many times a year.