Originally posted by paskesaurus
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Transferwise (multi-currency account) for accepting USD... Tax issues?
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Unsolicited advice
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Originally posted by paskesaurus View PostYes, thanks for the heads up. I did notice that QDOS for example didn't seem to cover North America!
While I have you, with a W8-BEN-E, is it necessary to get a US tax number (EIN) by filing SS-4, (and then 8832 as I am a sole director ltd co), or is this a step you'd only take if they requested it?
Cheers!Leave a comment:
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Originally posted by ladymuck View PostIs this worth making a sticky as there's lots of useful info here?Leave a comment:
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Is this worth making a sticky as there's lots of useful info here?Leave a comment:
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Originally posted by paskesaurus View PostYes, thanks for the heads up. I did notice that QDOS for example didn't seem to cover North America!
While I have you, with a W8-BEN-E, is it necessary to get a US tax number (EIN) by filing SS-4, (and then 8832 as I am a sole director ltd co), or is this a step you'd only take if they requested it?
Cheers!Leave a comment:
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Originally posted by jamesbrown View PostOh and, while you didn’t ask, you’ll need to ensure your PI insurance covers North America unless the contract has UK jurisdiction and governing law of England and Wales.
While I have you, with a W8-BEN-E, is it necessary to get a US tax number (EIN) by filing SS-4, (and then 8832 as I am a sole director ltd co), or is this a step you'd only take if they requested it?
Cheers!Leave a comment:
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Oh and, while you didn’t ask, you’ll need to ensure your PI insurance covers North America unless the contract has UK jurisdiction and governing law of England and Wales.Leave a comment:
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Originally posted by paskesaurus View PostThank you so much! I see you around a lot answering these types of questions, and it is really appreciated!
Transferwise is a good choice too. Just give the client your Transferwise US bank account details and job done. Interface is super easy and currency costs amount to about 0.5%, all in. Would highly recommend.Leave a comment:
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Originally posted by jamesbrown View PostCorrect and, no, currency/payment and tax liability are completely orthogonal. If you’re not a US citizen, then this will qualify as the non-US source income of a non-US person. No liability or withholding and the W8-BEN-E is for their benefit only. Outside of the scope of UK VAT (*assuming* this is routine B2B IT services - but you can check the place of supply rules if not). In short, you’ve got it covered.Leave a comment:
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Correct and, no, currency/payment and tax liability are completely orthogonal. If you’re not a US citizen, then this will qualify as the non-US source income of a non-US person. No liability or withholding and the W8-BEN-E is for their benefit only. Outside of the scope of UK VAT (*assuming* this is routine B2B IT services - but you can check the place of supply rules if not). In short, you’ve got it covered.Leave a comment:
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