Good Morning all, first time poster, but have watched the forum for years.
I have a question though which i have not found the answer to elsewhere.
I am potentially starting a new contract in Ireland in the new year. The client are insisting on an irish Ltd company, which is fine. However after looking into the tax situation it will be difficult from what i have read to reduce the tax paid personally as there are no dividends etc.
So my question is, would this route be legal......
I set up an Irish Ltd company, or my partner does. The funds are paid into this account for the work done. Expenses are paid through this account etc. Then my UK litd company invoices for my time as if i have been sub-contracted to the irish one and i can be paid personally for my time and be paid a dividend etc.
I can't see how it could be illegal, more work maybe as two sets of books etc but its just one entity to another. Essentially Irish Ltd company will probably not make a profit even though the CT is cheaper there.
Any advice would be much appreciated.
I have a question though which i have not found the answer to elsewhere.
I am potentially starting a new contract in Ireland in the new year. The client are insisting on an irish Ltd company, which is fine. However after looking into the tax situation it will be difficult from what i have read to reduce the tax paid personally as there are no dividends etc.
So my question is, would this route be legal......
I set up an Irish Ltd company, or my partner does. The funds are paid into this account for the work done. Expenses are paid through this account etc. Then my UK litd company invoices for my time as if i have been sub-contracted to the irish one and i can be paid personally for my time and be paid a dividend etc.
I can't see how it could be illegal, more work maybe as two sets of books etc but its just one entity to another. Essentially Irish Ltd company will probably not make a profit even though the CT is cheaper there.
Any advice would be much appreciated.
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