Tax system in Scotland

Tax system

Taxation will be applied depending on the residence of the partner. If the partner is a resident of the UK then he will pay the tax on his share of profits in the UK. If a partner is a non-resident, he will pay the tax in the UK, only if the partnership conducts trade in the UK, and only on that part of the profit that arises in its territory. It can be very difficult to prove that a partnership does not sell in the UK, the situation must be properly monitored. If the partnership does not trade in the UK and the partners are not residents of the UK, then the tax for payment in the UK does not arise.