Originally posted by yasockie
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Any negative consequences of permanently leaving the UK (for tax purposes)?
Collapse
X
-
Hmm. My plan is also to settle down somewhere "way further East" in the far future (where I'm originally from). Is there any scope for you to keep paying in to that state pension - maybe do a month or two a year of contracting in the UK to keep things ticking over, or are you completely done with that? -
I think this would depend on what point you left the UK during the year, if you are resident for a certain amount of the year, you would be a full time resident for tax purposes. Also, depending on the country you go to, if they have a dual tax treaty with the UK, and I guess depending on the new countries tax year too, as it may well not run April to April like the UK. Speak to an accountant / fiscal representative in both countries to get it right.Originally posted by Lavarella View PostA slightly related question...
If one was to leave the country for good at some point in the tax year, I guess that the £ 11,000 yearly allowance that a contractor is often advised to use for the monthly £ 671.66 director salary (and the reminder for shares) gets pro-rated, right?
Does the same apply for the £ 5,000 shares allowance on top of the 11k?Comment
-
Have a friend working out in Uganda for an NGO. She comes back only for a few months every 18 months / 2 years. One of the things she said this week is that she is no longer eligible for NHS care - except for emergency care. So - would make certain you have medical cover.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers


Comment