A company in Ireland is not difficult or expensive to set up (see here for further info), but non-residents are required to pay a bond.
Weigh up the differences (hassle of setting up an Irish bank account vs cost of your client sending Euros to a UK account - will they bill you for the expense?) (Irish corp tax rate of 12.5% and Dividend Witholding Tax rate of 24% vs UK rates of 20% and 10%) etc.
How beneficial anything will be all depends on your circumstances, length of contract, and willingness to deal with the hassle of another ltd in another jurisdiction. Seek proper accounting advice if you want to take it further!!
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