Thoughts about mortgages and other life situations has made me explore a potential full time opportunity with a particular US-based company that I've always been interested in working for. Nothing might come of it but just in case, I thought I'd find out some more information.
I've had the opportunity to talk with another UK-based employee of said company and I was asking him what the salary/tax arrangement was with for UK-based employees and he said that all non-US workers were treated as contractors and they invoice each month rather than going on the payroll.
Now despite this payment arrangement, and without a contract in front of me to look at, this still seems like the sort of gig that, if I invoiced through my current UK Ltd, would be inside IR35. That's fine, I just invoice as normal and put the whole lot through the payroll and for all intents on purposes it would be like I was full-time employed on a normal salary over here.
OTOH, as I mentioned in my recent dividends thread, I have a reasonable amount of retained profit in the company and it seems like I would be better of shutting down the company, doing an MVL and extracting the profit as a capital distribution, then registering as self-employed and invoicing US-based employer myself.
I presume if I went down that route, there would be no risk of securities legislation am I right? Does the legislation affect somebody who goes from running a Ltd company to being self-employed? Would I be crazy to keep invoicing through my Ltd (inside IR35) and missing the opportunity to do the MVL, or is there some benefit to keeping the company going?
I've had the opportunity to talk with another UK-based employee of said company and I was asking him what the salary/tax arrangement was with for UK-based employees and he said that all non-US workers were treated as contractors and they invoice each month rather than going on the payroll.
Now despite this payment arrangement, and without a contract in front of me to look at, this still seems like the sort of gig that, if I invoiced through my current UK Ltd, would be inside IR35. That's fine, I just invoice as normal and put the whole lot through the payroll and for all intents on purposes it would be like I was full-time employed on a normal salary over here.
OTOH, as I mentioned in my recent dividends thread, I have a reasonable amount of retained profit in the company and it seems like I would be better of shutting down the company, doing an MVL and extracting the profit as a capital distribution, then registering as self-employed and invoicing US-based employer myself.
I presume if I went down that route, there would be no risk of securities legislation am I right? Does the legislation affect somebody who goes from running a Ltd company to being self-employed? Would I be crazy to keep invoicing through my Ltd (inside IR35) and missing the opportunity to do the MVL, or is there some benefit to keeping the company going?
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