NEWBIE: Taxes and other doubts

[ASB]

So, you are undertaking a contract with Modis, resident in Portugal and the work is being undertaken in Portugal.

- How are Modis paying you ? Are you invoicing from a Portuguese Lda having created one or already owning one ? If so then it is just trading income in Portugal and I am sure your Portuguese accountants will deal with it in accordance with the appropriate regulations and will of course know what techniques may minimise your taxation.

- Are you being paid PAYE ? In this case you need to try and arrange an NT tax code (which should be possible as non resident) and no tax will be deducted from the UK end of things. How this income is treated in Portugal is down to local regulation. But I rather imagine it will just count as "oither income" and be subject to tax and ss accordingly through your Portuguese tax return.

- If UK tax is deducted then you should be able to reclaim this or offset against any Portuguese tax via the provisions in the UK-Portugal tax treaty.

But it is not a simple area. You should get proper advice.

[mrv]

If you will be coming to UK, sign up with an umbrella company, they will explain everything to you. Your take home will be ~65 - 75% of your rate, depending on expenses.

If you will work from home in Portugal, contact your own tax office as your income will be taxed only in Portugal.

[Scruff]

POTD...

obrigado

[cojak]

O que o seu contador dizer?

POTD...

[Scruff]

O que o seu contador dizer?

[vadhert]

You will pay 50 euros per day. Ill send you the account to transfer the payment to.

You are also a beneficiery to a 21,000,000.00 deposit as a distant relative of a friend of a friend passed away in Nigeria.
Just send your bank account details and our sources will transfer the funds over to you.

Seriously the clue is in the country you reside.

[blackscorpio]

Don't forget the salt.



Don't pay tax.



Using the example provided, the best approach would be to invoice 200 eur/day and avoid travelling to another country.

It is my first contract.. i am completely blind of how much taxes i will pay.. my country is Portugal but i am connected with Modis Uk, and work im Portugal.

I dont know how much i will keep with a 200eur/day..
When you say invoice 200eur/day, why you said that and what happens with how much taxes i will pay.

Thanks.

Joao

[jamesbrown]

I wil make a contract with Modis Uk

Don't forget the salt.

and i need to know what i have to do to pay lesser taxes.

Don't pay tax.

Using a example of a rate of 200eur/day, and working in my country, can any expert explain how all this works, and receive sugestions the best way to do this.

Using the example provided, the best approach would be to invoice 200 eur/day and avoid travelling to another country.

[Scruff]

Stay in your country and you will pay no tax in the UK. This advice is given free of charge and without prejudice.

[northernladuk]

Thread closed. Neeeeeext.

[blackscorpio]

Hello everyone.

I wil make a contract with Modis Uk, and i need to know what i have to do to pay lesser taxes.

Using a example of a rate of 200eur/day, and working in my country, can any expert explain how all this works, and receive sugestions the best way to do this.

Many many regards.

Joao.