Do I have to have a UK Ltd Company?

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NotAllThere replied

13 November 2008, 14:15
Some pimps don't have any issues. Other do.
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TheFaQQer replied

13 November 2008, 10:31
Originally posted by expat View Post

It is because they don't want to be stung for any tax, or even arguments with the taxman. A Ltd Co does that so they almost always insist on it. To answer the question in the title, you don't actually need one, and you should inform the pimps of this. I am sure they will be most cooperative.

Where's that sarcasm smilie???
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expat replied

13 November 2008, 07:53
Originally posted by Stan.goodvibes View Post

I have a Ltd Company registered in another country and it has an international bank account. If I am not going to be contracting for more than 185 days (6 months) I am technically not liable to pay tax in the UK.

Last time I was contracting in the UK the pimps wanted a UK plc. Can anyone shed any light on why this is? or is that just for UK Nationals who will be contracting long term?

As far as I can see it makes no difference to them if they are paying an offshore company, until such a time as it becomes illegal to do so (after 6 months).

Any thoughts?

It is because they don't want to be stung for any tax, or even arguments with the taxman. A Ltd Co does that so they almost always insist on it. To answer the question in the title, you don't actually need one, and you should inform the pimps of this. I am sure they will be most cooperative.
Leave a comment:
Stan.goodvibes started a topic Do I have to have a UK Ltd Company?

13 November 2008, 02:10
Do I have to have a UK Ltd Company?

I have a Ltd Company registered in another country and it has an international bank account. If I am not going to be contracting for more than 185 days (6 months) I am technically not liable to pay tax in the UK.

Last time I was contracting in the UK the pimps wanted a UK plc. Can anyone shed any light on why this is? or is that just for UK Nationals who will be contracting long term?

As far as I can see it makes no difference to them if they are paying an offshore company, until such a time as it becomes illegal to do so (after 6 months).

Any thoughts?
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