Advice on Ltd co / Umbrella etc - Contractor UK Bulletin Board

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NotAllThere replied

18 July 2008, 07:11
My IR35 status is currently being evaluated

By whom?
Leave a comment:
Alan @ BroomeAffinity replied

17 July 2008, 16:03
Definitely best going limited if outside IR35
Probably best going limited if inside IR35.

There's a lot of info on this site about these topics. I'd use the search facility first and then come back to the forum.
Leave a comment:
contractor99 started a topic Advice on Ltd co / Umbrella etc

17 July 2008, 10:46
Advice on Ltd co / Umbrella etc

I have been contracting for 15 years, and previously used a Ltd company until I moved to Europe 2 years ago. I then paid local taxes on my entire earnings.

I am now based 60% in UK, 40% in Europe, but paid mainly in euros. I already have a euros trade account, (which is the best business decision I have ever made by the way), but need to set up a euros business account if I go down the Ltd company route. I am not interested in EBT, or loan schemes, or IOM tax avoidance. Instead, I am seeking some serious advice from experienced contractors about the best way to operate currently.

Should I set up a Ltd co / operate through an umbrella (which one) / or do something entirely different? I have extensive expenses as I fly every week and spend approx 100 nights in hotels. My IR35 status is currently being evaluated so I would like to know the options based on both scenarios.

Any advice would be very gratefully received. Thanks.
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