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Hi ASB,
I have spoken to my accountant this morning and he also believes there may be a way to offset this against Corporation Tax.
I'm no sure how the process works but we are now looking into this.
Thanks,
Steve
Thanks Just1MoreThen, i'll look at the Deloitte's guide.
To follow up what Fred Bloggs said, yes the agency have paid South Korean income tax not corporation tax.
The correct way would have been for the agency to employ us individually.
However, I would have never considered doing the work...
Hi Fred Bloggs,
On the subject of offsetting personal taxation paid in Korea against CT paid in the UK, i cant see how there would be a mechanism for this either. One's personal tax and the other is company tax.
Thanks,
Steve
Thanks for the replies Fred Bloggs and Just1morethen.
I understand your points and I agree that the best way to avoid this in the future is to ensure it is in writing that "all taxes paid".
However, my original questions still stand for this situation.
1/ There is nothing in my contract T's...
Thanks Geoff,
I'll PM you once my account becomes active to send messages.
One other thing i forgot to mention is that I am paying Korean personal tax whilst travelling to and from the UK to South Korea. Surely this cant be right as well.
If anybody else has any other advice please don't...
Hi All,
I have a query which i hope someone can help me with. Before i start, this situation applies to about 6 or 7 of us working in exactly the same situation.
I work in the UK for my limited company.
Over a year ago I took a contract in the UK.
The contract is through an agency and they...
Hi All,
I have a query which i hope someone can help me with. Before i start, this situation applies to about 6 or 7 of us working in exactly the same situation.
I work in the UK for my limited company.
Over a year ago I took a contract in the UK.
The contract is through an agency and they...