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Surprisingly they don't pay that anymore. My friend went there got paid more than his UK salary and house, car with driver !!! On the down side he has put on so much weight that he ain't going to lose it all. Last year 32000 UK expats went to India.
It does however the originator of the post fell victim. We all get sometimes exicited and agencies sometimes make it look good and we lose the focus. So its prudent to remind ourselves now and again.
For record, I was also offered a contract role via AM Unfortunately, budget was not authorised. I went for the interview and the client agreed they would hire me but then I found out from AM that the contact is withdrawn. So anyone dealing with them, I can only say that make sure you SIGN the...
If you are not employee of UK company then what are the terms of the contract with UK ??
Do you invoice them and they in turn invoice client in Neterlands ??
If B2B then there is no issue of NI.
Spoke to my accountant ....
he told me that at the time of VAT registration he ticked box something along the line ... 'VAT applicable from the time company was elected (formed)', I did not fill-in the VAT form all was done by my accountant.
Hence I could backdate my VAT invoices and 1%...
If you pay yourself salary, your company needs to deduct employee NI and employers NI .. these amounts should be returned to Revenue on quarterly basis (I think)
Invoice 1 Net Amount Paid - VAT pending
Invoice 2 Net Amount Paid - VAT pending
Invoice 3 Gross (Net + VAT) Amount Paid + VAT for invoice 1 & 2.
1 month (or 2) later you receive 1 VAT return form ... pay all the VAT for all invoices.
The above process was confirmed with an accountant. Any...
Your Yellow slips are to tell Revenue how much salary you have paid yourself. So you can't just fill them NIL and at the same time you pay a salary to yourself.
Ok, what happens with following scenario
Company registered in 1 July2006
Registered for VAT 1 October 2006 with FRS
Started trading from day 1. (1 July)
Now, when I received my VAT no in October … I backdate all my invoices and charge VAT.
Does that mean that I benefit 1% until 30 Sept...
I am on FRS VAT. If I started my company mid July 2006 and started trading mid August 2006 ......
After 1 year, I start paying 13% and not 12%.
The question is when does 1 year complete ....
1. time the company was inaugurated or
2. form the time you started trading ???