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Recent content by ContractorPL
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Moving abroad, MVL, tax year and taxation
Since you're mentioning MVL, I take it you have decent retained earnings within your LTD. I'd scrutinize what the double taxation treaty between your home country and the UK says about the dividends. Usually it's the case that you only pay dividend tax in the country you're tax resident, so if...- ContractorPL
- Post #5
- Forum: Accounting / Legal
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Working from European country on UK contract
PE is defined in the DTA treaty: (2) The term “permanent establishment” includes especially: (a) a place of management; (b) a branch; (c) an office; (d) a factory; (e) a workshop; (f) a mine, an oil or gas well, a quarry or any other place of extraction of natural resources. If a director...- ContractorPL
- Post #18
- Forum: Business / Contracts
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Working from European country on UK contract
Probably. There shouldn't be problems with VAT, there's a special route in HMRC - VAT for non-established persons- ContractorPL
- Post #13
- Forum: Business / Contracts
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Working from European country on UK contract
This is unfortunately correct (I've been offered a contract operated by one of the UK biggest payroll agencies, the headhunter said he didn't see any reason why I couldn't bill via European LTD. So I opened one only to learn that the agency's HR doesn't agree to that. Fullstop. Myself, my...- ContractorPL
- Post #11
- Forum: Business / Contracts
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Moving to the EU
ConsultingTechArchitect this is all very valuable info, but you haven't touched on the taxation of your company income. Does it mean you think this is ok to run a UK Ltd and pay its corp tax in the UK? No issues with the seat of control/permanent establishment of it being abroad? (I mean the...- ContractorPL
- Post #36
- Forum: Business / Contracts
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UK-based contracts whilst living in Central Europe
The only compliant way to organise it is to charge your UK client using your local limited company (set up in your country of residence). No issues is with Brexit, work-permits, tax residence, IR35.. The problem is to find a client that would agree to it. In my area (banking and insurance...- ContractorPL
- Post #4
- Forum: Business / Contracts
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Non-UK Resident Director of UK Ltd Company - All work performed outside the UK
I would start by asking your client if it's possible that you charge them via the company resident in the country in which you stay. That would be the simplest way. But since you're asking, I assume you experienced what 95% of people in similar circumstances did - UK clients don't want and don't...- ContractorPL
- Post #3
- Forum: Accounting / Legal
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Non Uk Tax Resident And Dividend Tax Removes Personal Allowance
Lecyclist - if I want to follow option "as resident" (UK dividend tax + personal allowance), I still don't need to take into account my non-UK income for my UK self assessment , correct?- ContractorPL
- Post #8
- Forum: Accounting / Legal
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Non Uk Tax Resident And Dividend Tax Removes Personal Allowance
I haven't yet talked about it with my accountant yet, but that's exactly how I understand HMRC guidelines - there are two ways - either calculate your tax as if you were a resident or treat dividends as disregarded income AND resign from your personal allowance. HMRC suggests you should follow...- ContractorPL
- Post #6
- Forum: Accounting / Legal
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Contracting from France to UK company
That's correct, operating via a UK LTD was a non-negotiable condition. If I were to use a notional daily rate from a local market, it doesn't help that the contract market in Poland for my services does not exist at all (as in most cases for continental Europe). But if I tried to use a rate...- ContractorPL
- Post #21
- Forum: Accounting / Legal
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Family member as additional director
No necessarily. DTA between the UK and Poland: except as provided in sub-paragraph (a) of this paragraph, may also be taxed in the Contracting State of which the company paying the dividends is a resident and according to the laws of that State, but if the beneficial owner of the dividends is a...- ContractorPL
- Post #37
- Forum: Accounting / Legal
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Family member as additional director
I asked this question to my accountants once. This was when I lived in the UK so no residency issues were involved. I was told it's better not to engage my wife as a director if she's not in position to bring the money into the company. But there was no obstacle to make her a sharehoder...- ContractorPL
- Post #17
- Forum: Accounting / Legal
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Moving away from the UK, leaving UK LTD open, and exit tax
It is causing difficulty because UK clients do not want to do business with overseas companies. To some extent that's even understandable. It's a b2b relationship, in case sth went wrong, they would need to go to the foreign court. They would need to find out if IR35-equivalent exists etc. In...- ContractorPL
- Post #40
- Forum: Accounting / Legal
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Moving away from the UK, leaving UK LTD open, and exit tax
I have an MLI question - if a residence country judges I should pay my company's taxes there (which I haven't done as I paid them in the UK), will they convince HMRC to return its tax (so I can then pay it in my host country). Or am I charged twice?- ContractorPL
- Post #17
- Forum: Accounting / Legal
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Moving away from the UK, leaving UK LTD open, and exit tax
My situation is different (I set up a UK LTD and started trading while overseas as was unable to travel due to covid. My client has allowed me (as an exception) to work remotely until lockdowns finish. The answer from my UK accountant (a big awarded company:) might be caused by the lack of the...- ContractorPL
- Post #16
- Forum: Accounting / Legal
