Originally posted by CosmicWave
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Previously on "UK Contractor heading back to New Zealand and wants to continue: Advice required"
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Originally posted by nztravller View PostTo sum up; I am contracting for a UK company; money being paid to an NZ company but I will be physically located in lets say for example Asia, South America etc.
My questions is; is there any legal, tax or other conciderations on why this might or might not work ? If there is anyone out there who can advice or help me or point in me in the right direction on who to talk to; I would be really appreciated.
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Originally posted by nztravller View PostHi, was just wondering if anyone has an experience in this area and could offer some advice ? I will try explain as best I can.
1. I am currently contracting to a UK company and on a 2 year visa. My 2 year visa is coming to an end (I am a NZ Citizen and will have to go home at the end of the 2 year visa)
2. I would like propose/ask my current UK company to continue the contract when I am in NZ through a ltd company I have set up in my home country (New Zealand). This means money will be paid into a foreign NZ account.
3. Due to the nature of my work; I am able to work remotely from any location. I would like to travel and work at the same time under this same contract.
To sum up; I am contracting for a UK company; money being paid to an NZ company but I will be physically located in lets say for example Asia, South America etc.
My questions is; is there any legal, tax or other conciderations on why this might or might not work ? If there is anyone out there who can advice or help me or point in me in the right direction on who to talk to; I would be really appreciated.
If this plan worked well, HMRC's dreams are busted... I am not aiming at this particularly to your case... but if this worked, most contractors and / agents / clientCos will bubble up with this idea / route.
I am not sure HMRC would not have thought of this one... but who knows!
Seek professional guidance before you embark on this though.
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so there is a double tax treaty between uk and nz.. a google search yielded this
New Zealand operates a comprehensive taxation regime under which New Zealand Tax Residents are subject to income tax on their worldwide income – in the simplest terms, any money you earn is taxed. New Zealand has a Double Tax Agreement with the UK, so you should not be taxed twice on any UK income
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Originally posted by gnarledcontractor View PostWell the obvious one is... your client may not be comfortable with this particularly given the time difference(s) of the places you may reside in?
I am more worried about the tax implications; and how to deal with that i.e. not being in new zealand but receiving money from the UK. Does it mean I pay NZ tax but may also have to deal with potential tax laws in countries im travelling through etc.
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Originally posted by nztravller View PostHi, was just wondering if anyone has an experience in this area and could offer some advice ? I will try explain as best I can.
1. I am currently contracting to a UK company and on a 2 year visa. My 2 year visa is coming to an end (I am a NZ Citizen and will have to go home at the end of the 2 year visa)
2. I would like propose/ask my current UK company to continue the contract when I am in NZ through a ltd company I have set up in my home country (New Zealand). This means money will be paid into a foreign NZ account.
3. Due to the nature of my work; I am able to work remotely from any location. I would like to travel and work at the same time under this same contract.
To sum up; I am contracting for a UK company; money being paid to an NZ company but I will be physically located in lets say for example Asia, South America etc.
My questions is; is there any legal, tax or other conciderations on why this might or might not work ? If there is anyone out there who can advice or help me or point in me in the right direction on who to talk to; I would be really appreciated.
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There will be lots of tax implications, mainly in NZ and the countries you work thorough.
HMRC won't care what you do
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Originally posted by nztravller View PostHi, was just wondering if anyone has an experience in this area and could offer some advice ? I will try explain as best I can.
1. I am currently contracting to a UK company and on a 2 year visa. My 2 year visa is coming to an end (I am a NZ Citizen and will have to go home at the end of the 2 year visa)
2. I would like propose/ask my current UK company to continue the contract when I am in NZ through a ltd company I have set up in my home country (New Zealand). This means money will be paid into a foreign NZ account.
3. Due to the nature of my work; I am able to work remotely from any location. I would like to travel and work at the same time under this same contract.
To sum up; I am contracting for a UK company; money being paid to an NZ company but I will be physically located in lets say for example Asia, South America etc.
My questions is; is there any legal, tax or other conciderations on why this might or might not work ? If there is anyone out there who can advice or help me or point in me in the right direction on who to talk to; I would be really appreciated.
Leave a comment:
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UK Contractor heading back to New Zealand and wants to continue: Advice required
Hi, was just wondering if anyone has an experience in this area and could offer some advice ? I will try explain as best I can.
1. I am currently contracting to a UK company and on a 2 year visa. My 2 year visa is coming to an end (I am a NZ Citizen and will have to go home at the end of the 2 year visa)
2. I would like propose/ask my current UK company to continue the contract when I am in NZ through a ltd company I have set up in my home country (New Zealand). This means money will be paid into a foreign NZ account.
3. Due to the nature of my work; I am able to work remotely from any location. I would like to travel and work at the same time under this same contract.
To sum up; I am contracting for a UK company; money being paid to an NZ company but I will be physically located in lets say for example Asia, South America etc.
My questions is; is there any legal, tax or other conciderations on why this might or might not work ? If there is anyone out there who can advice or help me or point in me in the right direction on who to talk to; I would be really appreciated.
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