Earlier quoted context omitted.
If you live and work in the UK, you are tax domiciled here, irregardless of where you incoperate.
Sure but if your company makes all the money, then you only get the dividend tax rate: 38.1% vs 40-45%, for higher-rate tax payers. Mind, your company has to be paying a pretty low corporate rate for this to make a difference (like if it's incorporated in the Channel Isles).
Further, unless the countries have a tax treaty, you might incur double tax and an arrest warrant may be issued if you fail to comply with the rules.
Sure, I'm well aware that big companies play games with this sort of thing, but the rules are pretty stingent and your SMB cannot take afvantage of the same complex legal structures.