Originally posted by pmasoft
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Foreign (EC) contractor working in UK
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Originally posted by pmasoft View PostThink you missed the point I was making re foreign companies working in the UK. I am sure that some countries have hoops to jump through but that does not stop one from looking as was implied in the previous post which I was commenting on.
UK agencies are a point in case as they refuse to work with overseas companies in most instancies, but suspect that is more them trying to cover their rears then any legal requirement.I'm alright JackComment
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Thanks for your advice all. I assumed I would get an email when my question was approved so I didn't realize there were already answers.
I can understand why UK companies or agencies wouldn't want to work with foreign companies but I didn't think it would be illegal. Foreign companies must sell their services to the UK all the time without having legal entities there?
I know that it is rather easy to start a ltd in the UK so I might do that but I would rather not have to deal with having two companies with two different set of rules and tax authorities.
Again thanks for giving your time to discuss thisComment
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Originally posted by Asgeir View PostThanks for your advice all. I assumed I would get an email when my question was approved so I didn't realize there were already answers.
I can understand why UK companies or agencies wouldn't want to work with foreign companies but I didn't think it would be illegal. Foreign companies must sell their services to the UK all the time without having legal entities there?
Your best bet is to set up a UK limited company as they take hours to set up and find a UK accountant. It's not difficult.
The main difficulty you will have is calculating any additional personal taxes you have to pay in Iceland if you are considered resident there also.
Also if you do set up a UK limited company regardless of whether you set it up in England and Wales, Scotland or NI and work through that make sure any contracts you get are checked by a legal expert for both IR35 and general clauses."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostTrue but unfortunately when you start digging into the UK market you will realise how little UK agencies and some UK clients understand about tax law and law involving contracts in general.
Your best bet is to set up a UK limited company as they take hours to set up and find a UK accountant. It's not difficult.
The main difficulty you will have is calculating any additional personal taxes you have to pay in Iceland if you are considered resident there also.
Also if you do set up a UK limited company regardless of whether you set it up in England and Wales, Scotland or NI and work through that make sure any contracts you get are checked by a legal expert for both IR35 and general clauses.Comment
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Originally posted by Asgeir View PostThanks. I will talk to an accounting/legal expert in this area to get an advice before going further."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostGet the appropriate expert for the corresponding field. So don't get legal advice from an accountant.Comment
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Originally posted by pmasoft View PostIn addition don't get tax advice from a general solicitor; speak to a qualified tax solicitor."You’re just a bad memory who doesn’t know when to go away" JRComment
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