UK Company - Ireland Contract

[stek]

Hi All

What exactly happens when we register our UK Ltd company for irish PAYE. Do i lose the status of UK based company or just during the contracting I register with Irish PAYE.

I draw minimum salary for myself and my wife who is also additional director and we withdraw everything else by Dividends only.

So, what amount of PAYE would Irish authorities expecting me to pay as I draw only minimum salary. Does this mean i can take the dividends under UK law ?

Just employ an Ireland Accountant, form an Irish company or join an Irish brolly.

What are you paying your wife for? Is it realistic for the work she does?

[BlasterBates]

I would visit an Irish accountant and discuss it with him.

[silentbull]

Hi All

What exactly happens when we register our UK Ltd company for irish PAYE. Do i lose the status of UK based company or just during the contracting I register with Irish PAYE.

I draw minimum salary for myself and my wife who is also additional director and we withdraw everything else by Dividends only.

So, what amount of PAYE would Irish authorities expecting me to pay as I draw only minimum salary. Does this mean i can take the dividends under UK law ?

[BlasterBates]

if i get paid by irish company or in euros, my options are pretty simple that i need to go via umberlla company in ireland or set up limited company there.

It is more of since I am paid in GBP by UK company, I am confused how that will be treated again while opening company in ireland.

You need to check this out:

http://www.osk.ie/assets/files/Contr...rch%202012.pdf

For example if you are a director of a
UK company and you are coming to
work in Ireland on a contract basis
and you intend to continue
contracting through your UK
company

It is necessary for you to register your company as an employer, for
PAYE purposes, with the Irish Revenue Commissioners.

If don't want to take risks you need to see an Irish accountant, because according to the above the rules are clear that you need to be paying Irish tax even if you are not resident and running the contract through your UK Ltd.

[stek]

The GB company must operate Irish PAYE to pay you then, simples.

Think twice about contracting in Ireland, Dublin is very expensive and rates are poor.

[silentbull]

if i get paid by irish company or in euros, my options are pretty simple that i need to go via umberlla company in ireland or set up limited company there.

It is more of since I am paid in GBP by UK company, I am confused how that will be treated again while opening company in ireland.

You can argue what you like.

HMRC is friendly to foreign tax men plus it's not exactly hard for the Irish taxman to find you in the UK........

[SueEllen]

Hi

Thanks for all the replies.

My argument is that my contract is with a local UK company who is going to pay me in GBP and they are putting me in ireland.

The client is paying to the agency and the agency in turn pays to me. Don't you think it should be the agency who should be worried as merely it is me who is just working for the agency where they asked me to go.

It becomes a normal invoice for me now else it will get much more complicated if I start my own company in ireland where i will need to invoice this uk based company.

You can argue what you like.

HMRC is friendly to foreign tax men plus it's not exactly hard for the Irish taxman to find you in the UK........

[silentbull]

Hi

Thanks for all the replies.

My argument is that my contract is with a local UK company who is going to pay me in GBP and they are putting me in ireland.

The client is paying to the agency and the agency in turn pays to me. Don't you think it should be the agency who should be worried as merely it is me who is just working for the agency where they asked me to go.

It becomes a normal invoice for me now else it will get much more complicated if I start my own company in ireland where i will need to invoice this uk based company.

[BlasterBates]

Even if you are non-resident in Ireland you are still liable for tax in Ireland on any income sourced in Ireland.

Since the source of your contract income was in Ireland, the Irish authorities would have a good argument for charging tax for the first six months, even though you weren't resident.

I would suggest you visit an Irish accountant.

[stek]

SueEllen and any derivative off ain't my real name.

Of!!! Not off!!

[SueEllen]

That's some good advice for Krish there, Sue.

SueEllen and any derivative off ain't my real name.

[TheFaQQer]

One final point - don't sign any posts off with your real name.

That's some good advice for Krish there, Sue.

[silentbull]

Have you thought of doing a search? If you do one on google it will reveal some interesting threads.

Anyway to paraphrase those threads -

If you work in Eire you need to pay tax in Eire.

The tax regime has changed due to Ireland's economic crisis so you will get screwed by tax.


One final point - don't sign any posts off with your real name.

Thanks for the advice

[SueEllen]

Have you thought of doing a search? If you do one on google it will reveal some interesting threads.

Anyway to paraphrase those threads -

If you work in Eire you need to pay tax in Eire.

The tax regime has changed due to Ireland's economic crisis so you will get screwed by tax.


One final point - don't sign any posts off with your real name.

[silentbull]

Hi,

A UK company is paying me the amount for a contract in Ireland which will go more than 6 months.

So, can I invoice and make the proceedings via my UK ltd company or again is there any tax issues or double taxation or any other stuff need to be done for Ireland.

Regards
Krish