Does a UK company owned by a non-resident pay UK corporation tax on foreign income?

Where the shareholders live has no bearing on the company's own tax residence, which is fixed by incorporation and, potentially, central management and control. A wholly foreign-owned UK company is taxed identically in principle to a wholly UK-owned one.

This differs from personal tax, where the shareholder's own residence determines how dividends or other extractions are taxed on them personally, entirely separately from the company's corporation tax position.

All foreign income and gains must be included in the UK corporation tax computation, converted to sterling using appropriate exchange rates, with any qualifying double tax relief claimed on the same return rather than assumed automatically.

Missing or misreporting foreign income is treated the same as misreporting UK income for penalty purposes, and international information exchange between tax authorities makes it increasingly visible if it is omitted.

Our fixed monthly packages for a UK limited company start at £89 plus VAT and run to £169 and £289 plus VAT as bookkeeping, VAT, payroll and reporting are added. One-off filings are sold at fixed prices, and the Companies House fees we pay for you are charged at cost with no VAT added. Overseas owners are quoted on exactly the same published prices as UK-resident clients.

Rates, thresholds and deadlines here reflect the 2026/27 UK position and current Companies House and HMRC guidance. Check GOV.UK, or ask us, before relying on them for your own company.