I have a question regarding contracting in the UK and be based in HongKong.
I am a Dutch resident at the moment, but there is always a time for leaving.
So I am "signing" out of the The Netherlands, therefore I am not liable to pay any Dutch taxes anymore.
I am planning to open a engineering company in HongKong, because HongKong has a very interesting tax regime.
All the money you earn outside HK, is considered being offshore. Therefore you do not pay any tax at all in HK.
A company in the UK offered me a position.
I will take this position as a (sub) contractor. But again the company is registered in HK.
I will be staying in the UK between 6 and 8 months per year , as the company will be sending me around the world to perform so jobs at customers sites.
I do have some questions about that,
1. Since I am contracting in the UK, are there any limitations in "maximum days of working/staying in the UK". ( as I am paid out of HK)
2. I have to put VAT in my invoices, this is going to be HongKong VAT, correct me if I am wrong.
3. Am I liable to pay any tax in the UK?
4. Any suggestion for a "liablility insurance" which covers semiconductior environment jobs.
I am nog familiar with the UK tax system at all, so I hope you can give me some answers! Much appreciated!