Second income (Plan B) while working abroad

[StarBuck]

Afternoon folks

I'm after some tax advice on an upcoming assignment in Saudi Arabia. Before anyone shouts, I intend to discuss this fully with an accountant, I just want to see if anyone has been in a similar situation first.

I'm about to head over to Riyadh for 2-3 years where I will be not be subject to UK tax. I currently earn a sideline income through various internet marketing activities. This is relatively small but risidual income so will keep coming in while I am in Saudi. Ideally I'd like to leave this to build up in my UK account - as it currently does. I currently pay tax on this income through my self-assessment, but my concern is what now - and how will it affect my tax-exempt status?

Ideally I'd like to keep things as they are, unless it puts the tax-free status of my Saudi income at risk.

I assume a possible solution is to create a UK Ltd to run through the risidual income, but I'd rather not overcomplicate things unless absolutely necessary.

Does anyone have any experience in this area?

[xchaotic]

Ideally I'd like to keep things as they are, unless it puts the tax-free status of my Saudi income at risk.
I assume a possible solution is to create a UK Ltd to run through the risidual income, but I'd rather not overcomplicate things unless absolutely necessary.

UK Ltd is not that complex then you would pay yourself £1 salary and retain all the profits in the Ltd. You might be able to withdraw the dividends as non-domicle, ask the likes of owners of Harrods how they do it (almost seriously).
You Ltd would still be subject to annual payments of Corporation Tax and quarterly of VAT, but you should register for flat rate as I imagine you won't have many expenses claimable via UK Ltd while abroad.
No idea about the Saudi tax law though.