non-UK based company looking to contrat in the UK

[WordIsBond]

And as I said in the last few posts - our lasts questions relate purely to the UK law, not EU. I can repeat them here for your convenience:

Would loaning an employee from one company to another be considered under the UK law as “sub-contracting”?

Would the fee paid for taking an employee out on a loan be deductible for UK corporate tax purposes?

But as noted, we are contractors, not accountants, and so unlikely to know the answers. And if one of us did answer, you couldn't trust it, because we could just be blowing smoke and not have any real knowledge of the matter.

You are asking about the tax ramifications of loaning an employee from a non-UK company to a UK company. The odds that someone here has been involved in assessing those tax ramifications are approximately eleventy-three billion to one. Eleventy-three billion is not a precise accounting term, but it is accurate enough in this case.

[MrMarkyMark]

And as I said in the last few posts - our lasts questions relate purely to the UK law, not EU. I can repeat them here for your convenience:

Would loaning an employee from one company to another be considered under the UK law as “sub-contracting”?

Would the fee paid for taking an employee out on a loan be deductible for UK corporate tax purposes?

I would suggest we were talking about the same thing?

legal in and outs for an EU based company to do business in the UK.

In any case, I have no idea what the answers are and no one else here seems to either.

Eleventy-three billion is not a precise accounting term, but it is accurate enough in this case.

[Confounded]

So as far as I understand....

The business model suggests sending EU based 'contractors' into UK territories, bill and send the money back to whichever EU state?


What could possible go wrong??

As far as I can tell, it is not illegal for a EU-based company to provide services in the UK and if it wasn't for the refusal of agencies to operate with non-UK-based companies, we would bill directly to our home country.

If you are of a different opinion and you can substantiate your opinion with facts / legislation, I would be very grateful as this is exactly why we have come to this forum. Thank you

[WordIsBond]

So as far as I understand....

The business model suggests sending EU based 'contractors' into UK territories, bill and send the money back to whichever EU state?


What could possible go wrong??

To be fair, there's no reason this can't work if you are good at what you do. OP has talked about going direct, so (unless this is all trolling) chances are good they've got an industry niche. I'm UK-based with foreign clients, though we don't have to go on site except for meetings. But there's no reason we couldn't, especially throughout the EU. You just have to get good tax/legal advice, which is what OP is apparently pursuing (just in the wrong forum).

[Confounded]

You are asking about the tax ramifications of loaning an employee from a non-UK company to a UK company.

No, I am not asking about loaning from a non-UK company. Please read the questions more carefully. Thank you.

[Confounded]

You just have to get good tax/legal advice, which is what OP is apparently pursuing (just in the wrong forum).

Thank you, WordIsBond. And, to some extent, it is the replies of this type "What could possible go wrong??" on this forum that give the impression that people here are knowledgeable about these issues.

[Confounded]

But as noted, we are contractors, not accountants, and so unlikely to know the answers.

My understanding was that accountants were also participating in this forum, particularly since the thread is called "Accounting / Legal", - is this not so?

[vadhert]

As far as I can tell, it is not illegal for a EU-based company to provide services in the UK and if it wasn't for the refusal of agencies to operate with non-UK-based companies, we would bill directly to our home country.

If you are of a different opinion and you can substantiate your opinion with facts / legislation, I would be very grateful as this is exactly why we have come to this forum. Thank you

Ok...This would work perfectly if you or your business were to do one of the following two options:

A) Hire a number of UK based staff and contribute towards their PAYE or other Tax mechanism's.

B) Line parliaments pockets on the way to the airport / ferry.

Choose. but choose wisely.

HTH

[MrMarkyMark]

My understanding was that accountants were also participating in this forum, particularly since the thread is called "Accounting / Legal", - is this not so?

Errrrm, you mean UK based accountants, dealing with UK contractors, with knowledge of issues pertaining to UK based contractor business, right?

Yes, they post on this forum.

Would they know the answers to your questions?
I doubt it.

You accuse everyone of reading your posts wrongly, but then fail to assimilate the posts by others .

[Confounded]

Errrrm, you mean UK based accountants, dealing with UK contractors, with knowledge of issues pertaining to UK based contractor business, right?

Dear MrMarkyMark,

Yes this is exactly what I mean. And I was hoping that these UK-based accountants with knowledge of issues pertaining to UK based business can answer a question on whether or not a fee paid for loaning an employee from one UK company to another is tax deductible or UK corporate tax purposes or not.