I use Icon too, couple of things, Irish Limited co’s don’t have the concept of dividends, relocation costs are only claimable from the revenue for the last three months and a question to end, how many days over the term of this contract have you spent in Uk?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Contracting in Ireland using UK Ltd Company
Collapse
X
-
-
Interesting point. If the contract has no end then doesn't that mean the gig is no longer a temporary place of work so ,if UK taxes are applicable, Travel and Subsistence can't be claimed?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by coolkat View PostAs mentioned previously, I agreed a rate based on a 6 week contract and UK taxes solely.
But ended up staying much longer than planned.
2. When you renegotiated the contract extensions, you should have renegotiated the rate due to the length of the contract.
3. Now you are in an "indefinite" length contract, you are basically a permanent employee, so I'm not sure how you will renegotiate your rate.
4. Your accountant should be able to sort these things out, but given the length of time it has been going on, it's probably going to cost you a bit to get them to unpick it all.…Maybe we ain’t that young anymoreComment
-
Originally posted by coolkat View PostHi @northernladyuk, thanks for your reply.
I am working physically in Ireland and have been staying for most of the time (normally travel to the UK once every 2/3 months only).
Do you think I can pay myself the amount of around 1,500.00 per month and prepare Irish PAYE over this amount?
It's definitely enough to cover all my expenses here, excluding accommodation of course.
Can I still keep CT and dividends solely taxable in the UK?
Thanks!!!
I will do my best: it is very likely that all funds (excl. VAT) paid to your UK Ltd are liable to Irish income tax, PRSI and USC. If you've been paying tax (both personally and your Ltd) in the UK on your Ltd's income, it needs to be undone - I don't know how to do this, but it must be doable. There is also the question of the jusrisdiction in which VAT should be paid - I don't know the answer to this.
I am fairly sure you can't do what you propose.
Please get proper advice.Comment
-
Originally posted by northernladuk View PostInteresting point. If the contract has no end then doesn't that mean the gig is no longer a temporary place of work so ,if UK taxes are applicable, Travel and Subsistence can't be claimed?Comment
-
Originally posted by coolkat View PostThanks for your advice.
I am not trying to "get away" with anything, I just want to comply with tax rules in Ireland.
As mentioned previously, I agreed a rate based on a 6 week contract and UK taxes solely.
But ended up staying much longer than planned.
So that's why I need a solution that is both most tax efficient as possible and is completely compliant at the same time...Comment
-
Contracting in Ireland using UK Ltd Company
Quick questions:
1. Are you a UK/EU citizen?
2. If not, do you have the correct paperwork to allow you to work in Ireland?
3. Are there any pertinent facts which you are withholding from us?…Maybe we ain’t that young anymoreComment
-
Originally posted by northernladyuk View PostYou really really need professional advice from a qualified and experienced Irish professional.
I will do my best: it is very likely that all funds (excl. VAT) paid to your UK Ltd are liable to Irish income tax, PRSI and USC. If you've been paying tax (both personally and your Ltd) in the UK on your Ltd's income, it needs to be undone - I don't know how to do this, but it must be doable. There is also the question of the jusrisdiction in which VAT should be paid - I don't know the answer to this.
I am fairly sure you can't do what you propose.
Please get proper advice.
Simples.Comment
-
Originally posted by WTFH View PostQuick questions:
1. Are you a UK/EU citizen?
2. If not, do you have the correct paperwork to allow you to work in Ireland?
3. Are there any pertinent facts which you are withholding from us?
By the EU laws, you are allowed to have UK Ltd company and get contracts around EEA...Comment
-
Originally posted by stek View PostI did this first time I worked here, you register in UK with EC Sales on government gateway, enter sales in that, charge no VAT, but include agents VAT number on each invoice.
Simples.
Could you please inform where I could check this information!?
Thanks!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment