What happens when presettlement status expires

Giorgio

Hi,
I am a sole trader with pre-settlement status.
Next year the pre-settlement will expire and I don’t have the requirements to have the full settlement (I haven’t been in the territory for at least 6 months every year).
What will happen then to my activity? Will I have to close it?
Thank you for the help

AlexandraMoore

Thanks for your question.
If your activity does not physically require you to be in the UK (as in, you can provide your services remotely), then there is no reason to close it.
If your activity requires your physical presence in the UK, then unfortunately, you will have to close it.

Giorgio

Hi Alexandra, thank you so much for your answer.
I can work remotely, I don’t need to be in the UK. But how will it work then?
Will I lose the residence in the UK and will I need to have it in another country? How it will be tax wise and pension wise?
Thank you for the help

AlexandraMoore

Hi, Issues relating to losing residence is something to be discussed with the Home Office. From an accounting and taxation point of view, if you are deemed to be non UK tax resident, then you will only be subject to UK tax on your UK income. In your home country or where you are deemed to be tax resident, you can claim double taxation relief if they decide to tax the same income. You will need to discuss that with a local accountant.

Giorgio

Hi,
thank you for the help. Any idea where is the best to contact the home office? I am not in the UK at the moment and I can’t call. Is there an email address or a form I can fill out online? I can’t find anything useful on their website.
Thank you

AlexandraMoore

Hi Gorgio, There’s the following page which may be able to help:
https://www.gov.uk/contact-ukvi-inside-outside-uk

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