Hi
this is my first time on this forum. I have just been made redundant and I have a potential opportunity to work remotely as a Contractor for a foreign company.
I am still trying to get my head around what's involved in making the transition from PAYE to Contractor and also in the context of working for a foreign company.
My first question is related to the section on this website for first Timers. Under this section it s gives three options for a Contractor; Your own Limited Company, Umbrella Company and PAYE through the Agency.
What is doesn't mention is Self-Employed – Individual this I have read on the HRMC website http://www.hmrc.gov.uk/startingup/working-yourself.pdf is there a reason why this wouldn't be mentioned under the list of options?
My second question is about working remotely as a Contractor for a foreign company. Are there any differences between a Contractor who works remotely for a UK company and one who works for a foreign company or do the same rules apply to both? In other words they are effectively the same scenario and it doesn't matter which country the money comes from!
thanks for any help
Martin
this is my first time on this forum. I have just been made redundant and I have a potential opportunity to work remotely as a Contractor for a foreign company.
I am still trying to get my head around what's involved in making the transition from PAYE to Contractor and also in the context of working for a foreign company.
My first question is related to the section on this website for first Timers. Under this section it s gives three options for a Contractor; Your own Limited Company, Umbrella Company and PAYE through the Agency.
What is doesn't mention is Self-Employed – Individual this I have read on the HRMC website http://www.hmrc.gov.uk/startingup/working-yourself.pdf is there a reason why this wouldn't be mentioned under the list of options?
My second question is about working remotely as a Contractor for a foreign company. Are there any differences between a Contractor who works remotely for a UK company and one who works for a foreign company or do the same rules apply to both? In other words they are effectively the same scenario and it doesn't matter which country the money comes from!
thanks for any help
Martin
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