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Are there any Umbrella Companies providers that will pay to an offshore bank account?

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    #11
    Originally posted by BR14 View Post
    Keep a UK personal bank account, get the UK brolly to pay you into that, and transfer funds as and when you need to.
    Looking more and more like that is what I will have to do. It just doesn't make sense to pay UK tax whilst living in IoM.

    At least I won't have to pay taxation in both locations.

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      #12
      Originally posted by wozza View Post
      Looking more and more like that is what I will have to do. It just doesn't make sense to pay UK tax whilst living in IoM.

      At least I won't have to pay taxation in both locations.
      Makes perfect sense to me. UK-earned income is taxed in the UK, them's the rules. There are a lot of people got burned thinking that their local non-UK tax regime would apply when the UK one was more expensive. That's also why agencies and umbrellas will only work with UK-based accounts.

      And where people are earning in one taxation regime and living in another, there are agreements in place to prevent double taxation. Snag is, that doesn't mean the lower-rated one is the one that applies...
      Blog? What blog...?

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        #13
        Originally posted by malvolio View Post
        Makes perfect sense to me. UK-earned income is taxed in the UK, them's the rules. There are a lot of people got burned thinking that their local non-UK tax regime would apply when the UK one was more expensive. That's also why agencies and umbrellas will only work with UK-based accounts.

        And where people are earning in one taxation regime and living in another, there are agreements in place to prevent double taxation. Snag is, that doesn't mean the lower-rated one is the one that applies...
        This, the tax is due where the income is generated. i lived in NL, but worked in UK, Germany, Switzerland, paid tax and SI wherever i worked, not where i lived.

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          #14
          I will be moving to IoM and I am trying to work out a way to work remotely to continue my current contract
          OP will not be living or working in the UK.

          Given that, several of the comments above are inoperative, and are wasting bandwidth as well as the mental energy of people who have to read them. They also wasted the time of those who posted them, but I'll let others judge whether that is a significant loss.

          I hope you guys read job specs and code more carefully than you read discussion forum posts.

          Comment


            #15
            Originally posted by WordIsBond View Post
            OP will not be living or working in the UK.
            But the work will be delivered to and paid for in the UK...

            Perhaps we need to study the reciprocal taxation agreement between the UK and the IoM. Properly...
            Blog? What blog...?

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