Thread Tools

Accounting Advice

Business123 Business123 is offline

Junior Member

Join Date: May 2011

Posts: 1

Thanked: 0

05-15-2011, 11:43 AM

I am franchising an application for iPhone from an internet game, and I have to pay royalties to the owner of the patent (50% of profits). All profits from the app will be transferred into my British bank account, and then I will send him 50% of the money made. He lives in America, and would prefer not to have to pay British tax, and so is there a way to not declare the money for UK tax before I give him his cut?
Thanks

« Monthly Employees NIC calculation | UK Ltd with Overseas Holding Co »

Thread Tools
Show Printable Version Email this Page

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are On Refbacks are Off Forum Rules

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Advice on accounting software	Neil G Jarman	UK Accountancy	14	08-31-2006 07:40 PM
Re: Business Trip advice on accounting for it	Peter Saxton	UK Accountancy	0	11-29-2005 06:45 PM
Re: Business Trip advice on accounting for it	Troy Steadman	UK Accountancy	0	11-29-2005 03:48 PM
Tips & Advice Accounting	Cat	UK Accountancy	1	02-16-2005 01:36 PM
Need some advice on career in accounting	TAM	Accounting	21	07-07-2003 12:22 AM

All times are GMT. The time now is 06:05 AM.