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Euro Contract Rate vs UK Based

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    #11
    Originally posted by dragsworthy
    Also, does anyone have a view on whether I should go for a Euro Umbrella service paying UK tax as it is just about under the 183 day rule. Then again, if I get an extension on the 6 months I'll be hammered twice for tax - If I understand the rules.
    Again, I am not qualified to give this advice: Look at a number of options. See above for UK Ltd problems.
    Look at an offshore management company. They will pay you a local rate which Belgium taxes you on. You then put the rest in a "pension fund" which remains outside Belgian jurisdiction. You should pay the tax on thsi wherever you bring it ashore. In reality (and this is why all tax systems are getting annoyed) most have the pension und paid direct into an offshore account and spend it anyway without declaring it anywhere.
    I can recomend a management company based in Denmark if you want to go that route.
    Dont use a UK management company. UK rules are a pain.
    Dont use a management company which retains your money in a tax agreement. Getting it back is a nightmare.
    Go with the offshore management company above and declare incomes as appropriate (or not if you are that way inclined).
    I am not qualified to give the above advice!

    The original point and click interface by
    Smith and Wesson.

    Step back, have a think and adjust my own own attitude from time to time

    Comment


      #12
      Originally posted by dragsworthy
      Thanks. I've been asked to quote an all-in rate for a job in Brussels .... rate + flights + accom + subsistence.

      Currently working in Euroland and find that the locals figure in Euro is what I get in GBP. Flights can be expensive depending on how often you need to travel back and whether you can use a budget airline. Accom - cheaper than in the UK, again it's a case of cost £X in UK and €X on mainland.

      Don't let the agent hurry you as you need to think this through otherwise you could underpitch and end up getting screwed.

      IIRC the 183 days rule goes from Jan to Jan and so your're safe for this year.

      HTH

      Comment


        #13
        Hmm - Ok, so I pitched in at the top level - Euro 800. Agent says Euro 600 max so is putting forward Euro 700. The waiting game begins - not holding my breath though. I work out that after weekly commute costs, accomodation, meals that my taxable equivalent is £390/day at the Euro 700 rate. I'd happily settle for that given that my current £350/day in the UK is with my office being 1 mile from my house.

        Can ayone tell me what tax relief I could expect from the £380/week costs for the travel, accom, subsistence?

        Comment


          #14
          Talks with an euro umbrella companies and get a calculation ... Look at the authors of the overseas guide to get the list ...

          My understanding is that Belgian taxes are higher than UK's ...

          You will also have to consider double taxation issues, if you are paid in Belgium ..

          Cheers
          Sathyaram




          Originally posted by dragsworthy
          Hmm - Ok, so I pitched in at the top level - Euro 800. Agent says Euro 600 max so is putting forward Euro 700. The waiting game begins - not holding my breath though. I work out that after weekly commute costs, accomodation, meals that my taxable equivalent is £390/day at the Euro 700 rate. I'd happily settle for that given that my current £350/day in the UK is with my office being 1 mile from my house.

          Can ayone tell me what tax relief I could expect from the £380/week costs for the travel, accom, subsistence?

          Comment

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