Oh dear: "International business is like a flock of birds"

[The Lone Gunman]

I wonder how many IT contractors are living in Monaco and paying no UK tax?

Trouble is the cheapest flat I can find is over 1M Euros and running a private jet to commute every day on the contract is going to be costly.

Being in the IT business my prefered solution would be remote working and delivery via t'internet. I could then live anywhere without the expensive and time consuming commute.
I have yet to find a client who is willing to pay my rate while I work from my tax haven yacht.

[hyperD]

I wonder what the milage limits and per mile allowances are on private aircraft

You can buy or lease a plane quite tax efficiently through your business. However, proving it is exclusive for business use only is tricky.

Insurance is also a problem renting an a/c for business use - most clubs won't let you. Also, unless you have an Instrument rating it's pretty embarassing missing your meeting because it's cloudy.

Anyway, why would you want to park your 6 seater twin Seneca next to a Gulfstream!?!?

[Pondlife]

Being in the IT business my prefered solution would be remote working and delivery via t'internet. I could then live anywhere without the expensive and time consuming commute.

You mean like India for example?

[ASB]

You can buy or lease a plane quite tax efficiently through your business. However, proving it is exclusive for business use only is tricky.

But that depends upon the regime of the country of the domicile of the leaseholding company. Oddly these tend to be a bit more lax.

A lot of UK companies now go for timeshare type ownership which is easier to justify to the IR (and expecially to the shareholders who always see a private jet as an extravegance).

[PLUG]A chap I know flies for these guys: http://www.netjets.com/The%20NetJets...ets_europe.asp

At about £3k per hour it can sometimes work our cheaper then scheduled if there's a plane load.