Contracting - a cross border affair

[eek]

If you are renting an apartment in Dublin and working in the Republic for tax purposes your main residence will be in the Republic.

[Old Greg]

Unlikely to see 58%-61% more like 53-54%


Sent from my iPhone using Contractor UK Forum

No, 60% is about right for an Irish Directors Umbrella - as a proprietary director you pay Class S PRSI.

400 pd x 220 days = 88,000 p.a pre tax and 55,000 post tax
600 pd x 220 days = 132.000 p.a. pre tax and 77,000 post tax

If you are married and your spouse doesn't work, that comes up a bit.

[nedk87]

As I understand it, I’ll have to submit an end of year UK tax return declaring my Irish income regardless.

Given that the Irish ‘Director Umbrella‘ option doesn’t have a direct UK equivalent, how would income from that source be seen/taxed as during my end of year UK tax return? Would HMRC try to tax me as a Ltd company or an uk umbrella?

[eek]

As I understand it, I’ll have to submit an end of year UK tax return declaring my Irish income regardless.

Given that the Irish ‘Director Umbrella‘ option doesn’t have a direct UK equivalent, how would income from that source be seen/taxed as during my end of year UK tax return? Would HMRC try to tax me as a Ltd company or an uk umbrella?

You have personally received the money as an employee in Ireland.

So you fill in your income on your self assessment and HMRC compare that to the income tax you should be paying - if the amount HMRC want is more they will ask for money otherwise that's the end of it.

[nedk87]

You have personally received the money as an employee in Ireland.

So you fill in your income on your self assessment and HMRC compare that to the income tax you should be paying - if the amount HMRC want is more they will ask for money otherwise that's the end of it.

But would HMRC treat my income any differently if it were to be a Ltd company rather than an umbrella?

[eek]

But would HMRC treat my income any differently if it were to be a Ltd company rather than an umbrella?

Are you working in the Republic or Northern Ireland?

Are you renting a property in the Republic?

[Old Greg]

Are you working in Eire or Northern Ireland?

Are you renting a property in Eire?

Eire just means Ireland.

Republic of Ireland is the correct term if you need to distinguish between Ireland (the state) and Ireland (the island).

[Old Greg]

It would be good to merge this thread with https://www.contractoruk.com/forums/...t-ireland.html

[eek]

Eire just means Ireland.

Republic of Ireland is the correct term if you need to distinguish between Ireland (the state) and Ireland (the island).

Questions updated to correct my shortcut.