Operating a UK based business, while being a resident of Italy

gautama

I currently live in the UK and run my own small business. Recently my family have an interest to move and live in Italy, possibly for a longer period, which would involve giving up our residence in the UK, and becoming residents of Italy.

My question is how it may be possible to continue to operate my UK based business, if we take up Italian residency, from a legal and tax perspective. What do I really need to watch out for, and does the structure of the business need to change (currently running as a sole proprietor).

Thanks.

paddyrg

I think you need to talk to a specialist accountant regarding tax - there's a risk of getting taxed twice, so specific advice will likley pay for itself pretty quickly

Mistral001

The EU rules are fairly robust on people living in one EU country but earing money in another EU country as far as tax concerned. You will not pay less tax, but could pay meore, I believe, as that is the way the rules are set up so as to prevent tax avoidance housing development at borders.

See an accountant who specialises as paddyrg has said. Actually in Kent where people commute to France and vice versa and in Northern Ireland where people commute across the border to Republic of Ireland and vice versa this situation often occurs. You might find accountants in say Kent or in some towns near the border in Northern Ireland that might be able to help you.