Contractor UK Bulletin Board - View Single Post - Contract in Saudi through Ltd Company

jimmy100 · 21st July 2008, 17:26

Hi ASB

Yes your interpretation of the first paragraph you highlighted is correct - I did mean the company wont pay UK tax on its earnings.

Thanks for the advice about the exit charge - I will take that up with the HMRC.

As for the second paragraph - thats is what they have said although they have said its a specialist area - maybe they had a bad day! I'm with SJD and I copied their direct quote below:

Our understanding is that you may qualify for non-residency status if you are out of the UK for the whole tax year. However, even as a non-resident, your UK income would still be liable to UK income tax and in our opinion this would include the income you receive from <My Company Ltd>. as a UK company.

21st July 2008, 17:26	#8
jimmy100 Not worth listening to Join Date: Jul 2008 Posts: 2	Hi ASB Yes your interpretation of the first paragraph you highlighted is correct - I did mean the company wont pay UK tax on its earnings. Thanks for the advice about the exit charge - I will take that up with the HMRC. As for the second paragraph - thats is what they have said although they have said its a specialist area - maybe they had a bad day! I'm with SJD and I copied their direct quote below: Our understanding is that you may qualify for non-residency status if you are out of the UK for the whole tax year. However, even as a non-resident, your UK income would still be liable to UK income tax and in our opinion this would include the income you receive from <My Company Ltd>. as a UK company.