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HELP! Working for US, LLC as UK based Contractor

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    #11
    It's interesting that so few firms are willing to quote on a US Contract for professional indemnity! Better get my thinking cap on.

    Thanks for all the advice so far

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      #12
      Originally posted by Jonty789 View Post
      It's interesting that so few firms are willing to quote on a US Contract for professional indemnity! Better get my thinking cap on.

      Thanks for all the advice so far
      Why do you think I mentioned it? The jurisdiction is by far the most litigious in the world and settlements of many tens of millions are quite commonplace.

      The surprising thing to me would be if you can get anyone to quote at all. Or to quote for cover at a half reasonable price with fair prospects of actually being able to claim.
      Public Service Posting by the BBC - Bloggs Bulls**t Corp.
      Officially CUK certified - Thick as f**k.

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        #13
        Originally posted by Jonty789 View Post
        It's interesting that so few firms are willing to quote on a US Contract for professional indemnity! Better get my thinking cap on.

        Thanks for all the advice so far
        PolicyBee might help you there. No idea if they're any good but they have a page on their website which gives the impression that they will entertain such requests.

        https://www.policybee.co.uk/blog/us-...onal-indemnity

        The issue is the with the jurisdiction applied to the contract, which determines which country's law is applicable.

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          #14
          Originally posted by Jonty789 View Post
          It's interesting that so few firms are willing to quote on a US Contract for professional indemnity! Better get my thinking cap on.

          Thanks for all the advice so far
          Fewer, certainly, but it isn't that hard, you just need to know where to look. Join IPSE and use Randell Dorling, underwritten by Hiscox, or try Kingsbridge. In both cases, you are looking at a few hundred quid for PI cover with Delaware jurisdiction and governing law (obviously more as the PI amount increases).

          Comment


            #15
            Originally posted by jamesbrown View Post

            Yes, you would need to register for VAT.
            Only if they are making taxable supplies above the threshold. If all of the income is B2B services with the US client they won’t have any income contributing towards the VAT threshold, so registration would be voluntary (but maybe still worth it for reclaiming VAT on expenses).

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              #16
              Originally posted by TheCyclingProgrammer View Post

              Only if they are making taxable supplies above the threshold. If all of the income is B2B services with the US client they won’t have any income contributing towards the VAT threshold, so registration would be voluntary (but maybe still worth it for reclaiming VAT on expenses).
              Sure, supplies that are outside of the scope of VAT do not contribute to taxable turnover for VAT registration purposes. It wasn't entirely clear to me whether the US client was the only turnover in question since they were talking about "turnover in the UK" too (which could just mean the same turnover). Either way, registering for VAT is easy and submitting quarterly returns is easy and the OP will probably have some VATable expenses, so there is probably little reason not to register.

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                #17
                Oh, btw, I had a question for you here:

                https://forums.contractoruk.com/umbr...sidiction.html

                Didn't you go with an Employer of Record/payroll company for a US employment? Perhaps you can recommend it for the OP...

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