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- The key difference between a branch and a subsidiary in the UK is that a UK branch will be subject to UK corporation tax on the profits of the parent company which is attributable to that branch, while a UK subsidiary is subject to UK corporation tax on its worldwide profits12. Branches may offset losses incurred in the UK with profits generated in their parent company’s tax return2. A branch is easier to wind up than a subsidiary3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are a number of distinct differences between a branch and a subsidiary in the UK; the key difference from a tax perspective is that a UK branch will be subject to UK corporation tax on the profits of the parent company which is attributable to that branch. A UK subsidiary is subject to UK corporation tax on its worldwide profits.www.donaldreid.co.uk/latest/blog/setting-up-in-the-…UK subsidiaries pay tax on their worldwide profits (subject to credits for taxes suffered overseas). Branches may also offset losses incurred in the UK with profits generated in their parent company’s tax return. Branches often find it harder to register for VAT.www.elementalcosec.com/guides/differences-betw…A branch is much easier to wind up as it is treated as ceasing when its UK trade ceases and, where assets are disposed of, UK tax will be charged on any gains on disposal Subsidiary Separate legal identity therefore the parent is not liable for subsidiary liabilities The subsidiary must file company financial statements with Companies Housewww.armstrongwatson.co.uk/news/2021/01/brexit-…
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