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Previously on "Contractor Invoice payment to this overseas personal acc?"

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  • ASB
    replied
    I am assuming that the company is UK based. I am also assuming that the contract demonstrated all the aspects of self employment.

    It is absolutely fine to pay his invoice to his personal account. As a "one off" type arrangement I believe HMRC would have a hard job arguing he is your employee. Though they could try as a result of a compliance review.
    Thus the paper trail is important. That is your primary evidence to HMRC that is was a bit of work done by a casual.

    Whether or not this causes any issues for him back in India who knows. But he will need to comply with whatever regulations are in force. There is also some possibility that these regulations - whatever they may be - cause an impact on your company.

    In the furture it may possibily ease your problems if you clarify these before passing on the engagement.

    Leave a comment:


  • everfor
    replied
    Originally posted by Old Greg View Post
    Did you contract with him as an individual or with a company?
    it's with individual ..

    Leave a comment:


  • Old Greg
    replied
    Originally posted by everfor View Post
    I given a contract to one of fellow back in india and he invoiced to me with detailed work info and for payment details, he has given his personal bank account.. From limited company, Is it ok if i pay it to his personal account through bank transfer? Please advise??
    Did you contract with him as an individual or with a company?

    Leave a comment:


  • TheFaQQer
    replied
    It's fine.

    Whether you are going to get hit with having to pay some tax for your employee if he doesn't do it is a different question which would require professional advice.

    Leave a comment:


  • kingcook
    replied
    Yes and/or no, or maybe no or/and yes.

    Leave a comment:


  • everfor
    started a topic Contractor Invoice payment to this overseas personal acc?

    Contractor Invoice payment to this overseas personal acc?

    I given a contract to one of fellow back in india and he invoiced to me with detailed work info and for payment details, he has given his personal bank account.. From limited company, Is it ok if i pay it to his personal account through bank transfer? Please advise??

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