My UK company has all its operations overseas — where is the profit taxed?

First, is the UK company UK resident: almost always yes, by incorporation. Second, does the overseas activity also create a taxing right for another country, either through local residence under central management and control or through a permanent establishment there.

Both questions can have a 'yes' answer simultaneously. That is not unusual or necessarily a problem, but it does mean two sets of compliance obligations and the need for a plan to relieve any double taxation.

Where a double tax treaty applies, credit or exemption relief usually stops the same profit being taxed twice in full, though timing mismatches, different profit calculations and non-treaty countries can still leave some residual double taxation.

Filing correctly in both countries, keeping consistent transfer pricing and profit attribution workings, and taking local advice on the foreign side are the practical steps, since the UK return alone cannot manage the foreign exposure.

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.