IR35 & ltd company abroad IR35 & ltd company abroad
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  1. #1

    Nervous Newbie


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    Default IR35 & ltd company abroad

    I have a small one man Ltd company in UK working offshore, I live in Spain and have permanent residency, and commute every 2 weeks, Looking at the IR35 that will kick in next month ,which I think will destroy contracting all together unless you ditch the Ltd company and go with an Umbrella Company which again for some will also be a disaster.
    My input on here is to try find a way to remain a Ltd company work offshore uk waters pay my taxes as I have been doing, in UK but be out off payroll, as a contractor I don't think the clients I work for want to employ direct so it would mean no more work?? My line of thought here is could I register a Ltd company in Spain and work offshore UK. Don't know what others think but the IR35 is going to cause mass destruction in one foul swoop.

  2. #2

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    Quote Originally Posted by jessirving View Post
    foul swoop.
    Like an attack from a diseased pigeon?

  3. #3

    Default

    Just retire


    Sent from my iPhone using Contractor UK Forum

  4. #4

    Super poster

    Lance's Avatar
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    Quote Originally Posted by jessirving View Post
    <snip> I live in Spain and have permanent residency, and commute every 2 weeks<snip>
    by the time you can do that again the market might have corrected (probably not as the market's going to get fooked as well)
    See You Next Tuesday

  5. #5

    Default

    Your biggest problem is no more expenses

    Gross rate * 52% = new rate

    Then take your flights and accommodation and women = heehaw


    Sent from my iPhone using Contractor UK Forum

  6. #6

    More fingers than teeth

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    If you commute and work in the UK you need to register your business, whether that is a UK Ltd or a Spanish company in the UK and you are subject to the rules. Therefore setting up a Spanish company will make no difference. Currently EU rules allow you to work via a Spanish company. Next year it will probably not be possible. If you are within IR35 then you can simply use an umbrella.

    If you work remotely then you can use a Spanish company without having to register in the UK and tax yourself in Spain. In this case you wouldn't be subject to IR35. You would be able to attend business meetings in the UK.
    Last edited by BlasterBates; 15th March 2020 at 12:20.
    I'm alright Jack

  7. #7

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    Scruff's Avatar
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    Google "Beckham's Law". If you fit the criteria, engage a Spanish immigration lawyer and Tax Specialist.
    I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

  8. #8

    Respect my authoritah!

    NotAllThere's Avatar
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    Quote Originally Posted by GhostofTarbera View Post
    Your biggest problem is no more expenses
    Or possibly the biggest problem will be the inability to travel between Spain and the UK.
    <-2 5m->

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