tax efficiency options for non-domicile

[autodial]

ok thanks. i will bear that in mind, but it should be a good 2+ years away. i'm going with upton & co so hopefully they can advise me.

Good mate cos upton (whoever they are) wil tel you that if you earned it in the UK and worked in the UK then you pay UK tax.

[Troll]

The point is not about you nicking our work (honest!), it's about being asked how to walk around the tax rules we have to abide by, being asked about how to walk around visa rules that some of us (naming no names...) have spent 5 years campaigning to get fairly applied and to close off the assorted loopholes that allowed in unqualified non-EU people at £5 an hour, and, with 15% of contractors on the bench at any one time, positions mysteriously going unfilled for three months ("Gosh, you will have to import some overseas resource then , since we clearly haven't got it in the UK, Mr BigCo...").

Nothing against aussies, who I find to be universally likeable people, it's all about the mess HMG, the agencies and some companies are making of the market I try to work in.

& you were doing so well!

[ASB]

Good mate cos upton (whoever they are) wil tel you that if you earned it in the UK and worked in the UK then you pay UK tax.

A sound principle. But not necessarily the absolute case. But then Mr Al-Fayed for example can spend a lot arranging his affairs as a non dom 'cos the sums make it worth his while.

[backagain]

I have the potential to be non resident in the UK, but the thing is the rates are very good here (especially in London) and are much better than in Europe. Also there is always the option of needing to come back to top up the coffers or just to build up the nestegg for old age (and I am not convinced about these pension companies really being able to payout, but thats another story). So I guess I will be back in the UK every six months or so. What I am trying to say is that its not a feasible long term option to make some money here and then leave, unless you are quite old and nearing retirement (or wanting early retirement) or if you genuinely wish to permanently return to OZ or SA or wherever you come from. Also the problem mentioned earlier about getting the specialist advise you need for an offshoring arrangement; getting this help may not be cheap, or they may get it wrong in which case it will cost you. So Ltd seems to be the easiest way to go with maximum flexibility for expensing and tax. I would say as a Brit I will always need to come back until I really do retire; its a case of the UK being good for work and money but not necessarily a good place to enjoy life.

[jonasB]

not sure if it helps but...

there has been a simplification of GST regs on non-residents in Australia. So maybe ask your employer how this benefits you and maybe can them to fill out all stuff for you? I got this news from this EU VAT website (link here, don't wanna infringe copyrighting).

[Peoplesoft bloke]

You have made 2 fatal errors.

1. Being born here
2. Assuming your government gives a tulip about you.

HTH

3. Forgetting the zillions of Brits who are, even as we speak, ruining Australia.