Hi everyone,
I hope you are all well.
I come to you all today to ask for advice and guidance in regards to a change of circumstance in my employment terms.
I have been employed for the same company in the UK for over 14 years as a full time employee. I have moved to France to support a family member (since April 2016) and I am looking to stay there for at least one more year while working from abroad. I have now been asked by my company to resign and sign a new contract as a contractor.
I would like to know what are my options in terms of setting up as contractor or limited company and what would be the best option in terms of tax efficiency.
My company have told me to propose gross annual salary that I would invoice them through my company 12 monthly installments, taking into consideration all the social security, insurance and tax liability that will be my sole responsibility.
So far my idea is to split invoicing between UK and France, taking advantage of the UK tax free allowance, but as mentioned above, I have been an employee through out my working career and haven't a clue what % of my existing gross salary I should invoice them considering all my responsibility with tax ...etc.
Many Thanks in anticipation for your co-operation on this.
Regards,
I hope you are all well.
I come to you all today to ask for advice and guidance in regards to a change of circumstance in my employment terms.
I have been employed for the same company in the UK for over 14 years as a full time employee. I have moved to France to support a family member (since April 2016) and I am looking to stay there for at least one more year while working from abroad. I have now been asked by my company to resign and sign a new contract as a contractor.
I would like to know what are my options in terms of setting up as contractor or limited company and what would be the best option in terms of tax efficiency.
My company have told me to propose gross annual salary that I would invoice them through my company 12 monthly installments, taking into consideration all the social security, insurance and tax liability that will be my sole responsibility.
So far my idea is to split invoicing between UK and France, taking advantage of the UK tax free allowance, but as mentioned above, I have been an employee through out my working career and haven't a clue what % of my existing gross salary I should invoice them considering all my responsibility with tax ...etc.
Many Thanks in anticipation for your co-operation on this.
Regards,
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