Yet another "how can I offshore my company" question

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

SueEllen replied

24 November 2010, 16:57
Nope.

If you work through a UK agency they will probably not deal with an Isle of Man company as they don't want any problems with HMRC themselves.

If you are working in the UK for over 183 days then you have to pay tax in the UK. As you are a resident in France, France also has a claim on your income regardless of how long you are working in the UK.

However what you should be looking at is what country can I pay the lowest tax in regardless of the time I spend there?

The most efficient way in the UK currently is to have your own limited company and pay a minimal salary to cover NI payments and take the rest out as dividends.

Luckily for you the UK and France have a dual tax agreement. Plus if you are working and also resident in one EU country you can pay you social security (NI) payments in that country.

While the UK has one of the most complicated tax systems in the world France doesn't. Therefore you need to look at how will France tax the dividends.
Leave a comment:
Katalyst started a topic Yet another "how can I offshore my company" question

24 November 2010, 08:45
Yet another "how can I offshore my company" question

I realize that being a UK resident, working in the UK might cause some issues trying an Isle of Man scheme. But I now live in France and would be working in the UK on weekdays. Essentially, France is going to still consider me a resident there.

Suppose I open an Isle of Man co., but only pay myself a minimal salary in the UK (enough to pay rent and meals). On that amount, I'll obviously pay taxes. The rest of the money I'd repatriate to France where I need the bulk of the money.

Is there any way to play this?
Tags: None