Paying 24.75% tax in Spain?

[stek]

There are 4 factors to take into consideration before contracting abroad.
1 Tax rate
2 Employers NI rate
3 Employees NI rate
4 Allowable expenses.
Consider these factors whether deciding whether 24.75 % is a good deal.

And UK taxes for the difference if still UK tax resident which is mostly the case.....

[Brussels Slumdog]

There are 4 factors to take into consideration before contracting abroad.
1 Tax rate
2 Employers NI rate
3 Employees NI rate
4 Allowable expenses.
Consider these factors whether deciding whether 24.75 % is a good deal.

[ASB]

I never thought this would be possible.

Is it ever possible to use your Limited company abroad and keep paying taxes in the United Kingdom? I'd expect the local tax agency not be happy about that.

Yes. I spent lots of time flitting between countries very short term. Co and personal maintained uk tax resident.

Some potuguese withholding tax was paid though.

[stek]

I never thought this would be possible.

Is it ever possible to use your Limited company abroad and keep paying taxes in the United Kingdom? I'd expect the local tax agency not be happy about that.

Contracts in Spain are thin on the ground and rates not that great though the tanking pound helps...

[Lance]

I never thought this would be possible.

Is it ever possible to use your Limited company abroad and keep paying taxes in the United Kingdom? I'd expect the local tax agency not be happy about that.

Not unless you're Google/Starbucks/Amazon/etc

[Lance]

I suspect the OP is hoping to incorporate in Spain whilst working in UK and pay Spanish tax, which, as we know, won't work......

I did wonder if the tax tail was wagging the business dog.

[ujjain]

I suspect the OP is hoping to incorporate in Spain whilst working in UK and pay Spanish tax, which, as we know, won't work......

I never thought this would be possible.

Is it ever possible to use your Limited company abroad and keep paying taxes in the United Kingdom? I'd expect the local tax agency not be happy about that.

[stek]

Can you find a contract in Spain?

I suspect the OP is hoping to incorporate in Spain whilst working in UK and pay Spanish tax, which, as we know, won't work......

[Lance]

IT Contracting in Spain: Money & Tax :: Contractor UK



This looks great. Does anybody know if us IT contractors can take advantage of this? I'm finding so little information about it on the internet.

Can you find a contract in Spain?

[stek]

IT Contracting in Spain: Money & Tax :: Contractor UK



This looks great. Does anybody know if us IT contractors can take advantage of this? I'm finding so little information about it on the internet.

Same in Denmark, except rates are bound to be higher than Spain. Not a lot of contracting roles in Spain though. Social taxes might be added on top, for example I'm paying 26% plus 5% social tax or so. Think of it as National Insurance.

[ujjain]

IT Contracting in Spain: Money & Tax :: Contractor UK

As of January 2004, there has been an option for inbound expatriate contractors, as long as they have not lived or worked in Spain for the preceding 5 years, to take advantage of a flat tax rate of 24.75%.

This looks great. Does anybody know if us IT contractors can take advantage of this? I'm finding so little information about it on the internet.