Contract for an Austrian Company from the UK

[goodguy]

Hi Borderreiver

Could you also pm me the infos about working in Austria

Regards
Goodguy

[borderreiver]

Alastair,

All of this advice pretty good IMHO. I've got a lot of experience with working in Austria and for Austrian companies ... just sent you a PM.

Borderreiver.

[Martin at NixonWilliams]

I am about to leave a company in Austria and return to the UK, the company does not want me to leave and we have then agreed that I can work a limited number of hours <10 per week for the company in when back in the UK.
I have secured a job in the UK and will be PAYE in the UK how best should I approach the work with the Austrian company? Set up my own UK Ltd, be paid and taxed in Austria?

Any help or tipps greatly appreciated.

Best regards,
Alastair Walker

I agree with a lot of the other posts, in that for the amount of work being done self-employment is probably the better option.

This is because although a limited company is nearly always more tax efficient, the tax saving is unlikely to be worthwhile due to the administration involved with running the company. Accountancy fees will also be higher.

In summary, it depends on the amount you anticipate earning and your attitude towards performing the administrative work. Generally speaking, the higher the earnings, the more likely a limited company is the better option.

I hope this helps.

Martin

[d000hg]

Personally, I'd just do the work as self-employed and declare the gross income on my personal tax return.

EDIT i.e. no Ltd company needed

WHS. A direct contract between you and the client. You might need to adjust your rate slightly as you might be taxed more on it, but unless you already have a Ltd company it's not worth the hassle.

[VectraMan]

If you use a Ltd. you'll be able to choose when to pay yourself. It might be better to leave the money in the company long term than pay the tax on it now.

A Ltd. to do just this won't be a lot of effort.

[BlasterBates]

It's taxed in the UK because that is where you're doing the work, good advice above declare as self-employed income.

[TykeMerc]

Personally, I'd just do the work as self-employed and declare the gross income on my personal tax return.

EDIT i.e. no Ltd company needed

I'd probably do the same, a Ltd seems like a lot of effort for a 10 hours a week potentially short/medium term piece of work, especially since you're going to be on a permie companies books. Anything else seems like a lot of work for the return.

[ASB]

Do austria have any withholding taxes? They didnt when I bad clients there.

if not it might ne most efficient to roll the funds up into a ltd and perhaps use them for co. Pension contributions depending on whether the cash is needed for day to day use or not.

[Platypus]

Personally, I'd just do the work as self-employed and declare the gross income on my personal tax return.

EDIT i.e. no Ltd company needed

[AWalker]

I am about to leave a company in Austria and return to the UK, the company does not want me to leave and we have then agreed that I can work a limited number of hours <10 per week for the company in when back in the UK.
I have secured a job in the UK and will be PAYE in the UK how best should I approach the work with the Austrian company? Set up my own UK Ltd, be paid and taxed in Austria?

Any help or tipps greatly appreciated.

Best regards,
Alastair Walker