I understand there are many posts similar to mine, where questions have been asked, though no-one ever actually comes back to say exactly what they did, presumably so they don't potentially open up a can of worms....
Ok 1st question which I doubt anyone can help with - Can anyone recommend an accountant in Sicily?
Having spoken to my accountant and I do realise I will need specialist help from an Italian accountant/lawer, below is my situation
I am about to take a contract in Sicily which initially will only be 3 months but highly likely to be extended another 12. I will be taking
my wife and children and putting them into a local Italian School. I understand that I will be classed as an Italian Resident, accept there
is no option there, and rightly so.
I will be invoicing a UK agency during the assignment. I plan to take my normal nominal salary plus dividends as normal, but understand that
the total of those combined will be subject to local Italian tax as I will be a resident. For clarity, my wife takes a wage and we have a 50/50 share so will take dividends as well. My concern is whether I should be paying any sort of corp tax in Italy, my accountant says otherwise " It is only the personal tax that Italy will be interested in. The corporation tax will be taken care of in the UK corporation tax return as the company is a UK company" This post here says otherwise http://forums.contractoruk.com/accou...urning-uk.html
As far as Italian social security as I will be paying my NI in the UK on my salary I and have been advised to obtain an A1 form, so therefore wont be paying any Italian social security on my world wide income. Anyone confirm if this is correct? From what I have read that PSC's cant obtain an A1 form - as per the same post above.
Also has we will all be living together, im assuming I cannot claim any expenses whatsoever like rent etc or living costs? I will still be renting a place back in the UK if that makes a difference? Could I claim initial moving/travel expenses ?
Anyone used an Italian Umbrella or simialar? Am i likely to be better off using one of these and being legal the whole time?
I am obviously keen to avoid any kind of unexpected tax bill appearing on my doorstep.
Are there any gotchas in the advise that I have been given already?
Thanks in advance
Ok 1st question which I doubt anyone can help with - Can anyone recommend an accountant in Sicily?
Having spoken to my accountant and I do realise I will need specialist help from an Italian accountant/lawer, below is my situation
I am about to take a contract in Sicily which initially will only be 3 months but highly likely to be extended another 12. I will be taking
my wife and children and putting them into a local Italian School. I understand that I will be classed as an Italian Resident, accept there
is no option there, and rightly so.
I will be invoicing a UK agency during the assignment. I plan to take my normal nominal salary plus dividends as normal, but understand that
the total of those combined will be subject to local Italian tax as I will be a resident. For clarity, my wife takes a wage and we have a 50/50 share so will take dividends as well. My concern is whether I should be paying any sort of corp tax in Italy, my accountant says otherwise " It is only the personal tax that Italy will be interested in. The corporation tax will be taken care of in the UK corporation tax return as the company is a UK company" This post here says otherwise http://forums.contractoruk.com/accou...urning-uk.html
As far as Italian social security as I will be paying my NI in the UK on my salary I and have been advised to obtain an A1 form, so therefore wont be paying any Italian social security on my world wide income. Anyone confirm if this is correct? From what I have read that PSC's cant obtain an A1 form - as per the same post above.
Also has we will all be living together, im assuming I cannot claim any expenses whatsoever like rent etc or living costs? I will still be renting a place back in the UK if that makes a difference? Could I claim initial moving/travel expenses ?
Anyone used an Italian Umbrella or simialar? Am i likely to be better off using one of these and being legal the whole time?
I am obviously keen to avoid any kind of unexpected tax bill appearing on my doorstep.
Are there any gotchas in the advise that I have been given already?
Thanks in advance
Comment