6 month contract Netherlands

[dave_m13]

Hi All

I have been reading through various threads on here regarding contracting in Holland. However I am still unsure whether it is actually worth it.

I have been offered a role of 500 euro's a day in Amsterdam, would it be worth doing considering travel, hotel etc.

Do I have to go into the dutch tax system? Been reading quite a bit about this but still unsure.

I have contracted in Belgium and that was fine but was through a large military org.

Thanks

[northernladuk]

Hi All

I have been reading through various threads on here regarding contracting in Holland. However I am still unsure whether it is actually worth it.

I have been offered a role of 500 euro's a day in Amsterdam, would it be worth doing considering travel, hotel etc.

Do I have to go into the dutch tax system? Been reading quite a bit about this but still unsure.

I have contracted in Belgium and that was fine but was through a large military org.

Thanks

Need to do a bit of reading up on the financial markets as well IMO. Euro is going wrong way for you at the moment. Slowly and haphazardly but still going the wrong way. You could easily see 10% dropping off your rate in the next 3-6 months.

[d000hg]

I have been offered a role of 500 euro's a day in Amsterdam, would it be worth doing considering travel, hotel etc.

What's the minimum you'd need to end up with after tax/expenses to take the role? Without that number, everything else is a pointless question.

[Brussels Slumdog]

Hi All

I have been reading through various threads on here regarding contracting in Holland. However I am still unsure whether it is actually worth it.

I have been offered a role of 500 euro's a day in Amsterdam, would it be worth doing considering travel, hotel etc.

Do I have to go into the dutch tax system? Been reading quite a bit about this but still unsure.

I have contracted in Belgium and that was fine but was through a large military org.

Thanks

If your agency or Client allows you to avoid the dutch tax system then yes
Otherwise no.

Based on 20 days

€500 day equals about €6700 using ManCo + 30 % ruling
Deduct Private required min Insurance €100
Deduct your actual incurred expenses €2100 ( Could be less depends on your lifeslyle)
Actual Contract Profit €4500 @1.20 about £3750

Compare this with what you could earn using your UK set up +
Do you want the experience of working in Holand and will this contract add value to your skill set?

[dave_m13]

If your agency or Client allows you to avoid the dutch tax system then yes
Otherwise no.

Based on 20 days

€500 day equals about €6700 using ManCo + 30 % ruling
Deduct Private required min Insurance €100
Deduct your actual incurred expenses €2100 ( Could be less depends on your lifeslyle)
Actual Contract Profit €4500 @1.20 about £3750

Compare this with what you could earn using your UK set up +
Do you want the experience of working in Holand and will this contract add value to your skill set?

Doing the contract will add value to my skill set, its probably the only reason I would do it.

I was probably taking home more on a lower than normal rate of £250 day, looking at your figures above.

I am actually perm at the moment, due to there being no contracts about. If that is profit after tax, expenses etc. I will be taking home about £1000 more than what I am perm and then I will be away from home. Do I want to do this probably not, will have to think about it seriously.

Then there is the exchange fluctuation, which I believe the pound will get stronger, so will lose out on this.

How would would the client/agency allow me to avoid the tax system and use my Ltd company, is it possible?

[Brussels Slumdog]

Doing the contract will add value to my skill set, its probably the only reason I would do it.

Then there is the exchange fluctuation, which I believe the pound will get stronger, so will lose out on this.

How would would the client/agency allow me to avoid the tax system and use my Ltd company, is it possible?

The pound is 1.205 to day but was 1.23 last week so it could become weaker.
No client/agency allow you to avoid the tax system as they will be held liable for your unpaid tax in the Netherlands. The Dutch Tax authorities will go after the Client for unpaid taxes and not you.
Therefore in the Nertherlands you will not be able to use your foreign Company

[Brussels Slumdog]

Perm and contracting

[QUOTE=dave_m13;1165053]
I was probably taking home more on a lower than normal rate of £250 day, looking at your figures above.

I am actually perm at the moment, due to there being no contracts about. If that is profit after tax, expenses etc. I will be taking home about £1000 more than what I am perm and then I will be away from home. Do I want to do this probably not, will have to think about it seriously.

QUOTE]

If you are thinking of switching from Perm to Contract you will most likely always incur expenses.
Yes your biggest risk is that you will always be away from home.

Compare Apples with Apples.
Compare London to Birmingham or where you live to somehere else in the Uk to
where you live to Amsterdam.

[Advocate]

Hi All

I have been reading through various threads on here regarding contracting in Holland. However I am still unsure whether it is actually worth it.

I have been offered a role of 500 euro's a day in Amsterdam, would it be worth doing considering travel, hotel etc.

Do I have to go into the dutch tax system? Been reading quite a bit about this but still unsure.

I have contracted in Belgium and that was fine but was through a large military org.

Thanks

Yes & Yes

My only regret is not renewing after a year and returning to the UK; was on a little more than that but the exchange rate has moved since then to make it about the same.