Contracting for UK company whilst overseas..advice please?

[jander]

If you submit a P&L to HMRC they'll simply charge tax, that will mean the Greeks will get no tax or virtually no tax.Now if you live in Greece and pay no tax eventually some Greek tax investigator will start to do enquiries. The same thing would happen in the UK, you pay little or no tax they start to investigate. Now the first thing they'll request is proof you spent most of your time in the UK. If you can't prove you were in the UK then they might charge you full tax and ignore what you paid in the UK. They would argue that you shouldn't have paid tax in the UK tax in the first place, because you were working in Greece.

Just make sure you only pay UK tax your liable for and check this through with a UK accountant, particularly if this arrangement is a long term one.

Don't simply assume as long as you have a UK tax return this will simply be accepted by the Greek authorities. Not necessarily.

Thank you . You're correct, no assumptions are being made (the mother of all f***ups, after all!). I'm going by what the Greek law stipulates with regards to *foreign income* earned,whilst resident on Greek soil, and the bilateral tax treaty. Obviously, already getting a Greek accountant's take on it, but thus far it looks reasonably kosher.

[jamespoole]

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Thanks