Hi,
Apologies if this has been covered elsewhere. I have just accepted my first (IT) contract, and wanted to clarify some things regarding US tax. My company will be doing all work outside of the US (in the UK), and will not have a US address.
From what I understand, as I will be completing the work from the UK, I will not have to pay US taxes on this income (the client may ask me to fill in a W8-BEN-E in case they get audited), and I will also not have to charge VAT to the client. Please correct me if any of this is wrong.
As I will be paid in USD, It seems sensible to accept this in the local currency and convert as required. Transferwise offer a multi-currency account. This allows you to have a US routing number and account number.
Does accepting USD into such an account make me liable for taxes in the US?
Cheers!
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Transferwise (multi-currency account) for accepting USD... Tax issues?
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