Are there any Umbrella Companies providers that will pay to an offshore bank account?

[malvolio]

OP will not be living or working in the UK.

But the work will be delivered to and paid for in the UK...

Perhaps we need to study the reciprocal taxation agreement between the UK and the IoM. Properly...

[WordIsBond]

I will be moving to IoM and I am trying to work out a way to work remotely to continue my current contract

OP will not be living or working in the UK.

Given that, several of the comments above are inoperative, and are wasting bandwidth as well as the mental energy of people who have to read them. They also wasted the time of those who posted them, but I'll let others judge whether that is a significant loss.

I hope you guys read job specs and code more carefully than you read discussion forum posts.

[BR14]

Makes perfect sense to me. UK-earned income is taxed in the UK, them's the rules. There are a lot of people got burned thinking that their local non-UK tax regime would apply when the UK one was more expensive. That's also why agencies and umbrellas will only work with UK-based accounts.

And where people are earning in one taxation regime and living in another, there are agreements in place to prevent double taxation. Snag is, that doesn't mean the lower-rated one is the one that applies...

This, the tax is due where the income is generated. i lived in NL, but worked in UK, Germany, Switzerland, paid tax and SI wherever i worked, not where i lived.

[malvolio]

Looking more and more like that is what I will have to do. It just doesn't make sense to pay UK tax whilst living in IoM.

At least I won't have to pay taxation in both locations.

Makes perfect sense to me. UK-earned income is taxed in the UK, them's the rules. There are a lot of people got burned thinking that their local non-UK tax regime would apply when the UK one was more expensive. That's also why agencies and umbrellas will only work with UK-based accounts.

And where people are earning in one taxation regime and living in another, there are agreements in place to prevent double taxation. Snag is, that doesn't mean the lower-rated one is the one that applies...

[wozza]

Keep a UK personal bank account, get the UK brolly to pay you into that, and transfer funds as and when you need to.

Looking more and more like that is what I will have to do. It just doesn't make sense to pay UK tax whilst living in IoM.

At least I won't have to pay taxation in both locations.

[northernladuk]

I just found out that my agency will not work with an IoM limited company.

Sounds about right. Bit of a one dimensional lot agents.

[BR14]

Keep a UK personal bank account, get the UK brolly to pay you into that, and transfer funds as and when you need to.

[wozza]

I just found out that my agency will not work with an IoM limited company.

[wozza]

As I mentioned in MrToms thread - here.

I will be moving to IoM and I am trying to work out a way to work remotely to continue my current contract - I know I could continue with my UK limited company that I have been working from for 5+ years, but I am quite keen to shut it down.
I've been told it could take 3 - 6 months to do that. my current contract finishes in 6 months.

It seems to me to make sense to begin the process and have a clean start with the new personal tax year beginning in April.

Once my time in IoM ends I won't go back to the UK to work.

I have since found out after ringing IoM immigration that I am permitted to live and work there with my UK Ancestry Visa.

My thought was that if I worked through an umbrella that would pay me in IoM (as a resident) it would be a lot quicker to clean things up when I finish.

I'm not interested in doing any dodgy tax schemes, I work with several who are under investigation and others who have been given their "bill" to pay.
Keeping my nose clean on that front.

My agency will pay me via an umbrella and I am trying to find out if they will pay an IoM limited company in case I have to go that route.

Anyway - thanks for the replies and I do appreciate any advice.

[cojak]

Wozza’s earlier thread explained that he’s an NZ national who is actually relocating to the IOM for his wife’s work.

[uk contractor]

Ask these friendly people direct:
https://www.gov.uk/contact-hmrc

[clearedforlanding]

There were lots of them. Ask any poor soul who is still paying of his Connexion or The Point of Contact debt.

[northernladuk]

You've got to be very clear what you are after here as your question could be construed that you are wanting to stray in to very bad territory...

Are you asking if there is an umbrella that will take the payments from the client, take the proper tax and NI and instead of paying you the proper amount to a UK bank account you want it to go to one you have in another country?

This is completely different to an umbrella offering an offshore tax solution maximising your take home which is going to land you in very hot water and potentially bankrupt you.

Bank account in IoM?

[SueEllen]

Why do you need them to pay into an off-shore bank account?

If you explain why you need that then you may get more replies.

[wozza]

I would like to locate a company that provides an umbrella that will pay to an offshore account if possible.

Any suggestions would be appreciated.