Hi all, I'm new here and new to contracting and have a few noob doubts and questions. (and possibly some wrong assumptions)
I'm going to move to France later in the year and I'm going to start working with a contract for a UK based company - maybe start with 1 year with the possibility of extending it. I contacted a few companies (Access Financial, umbrella match, compare the umbrella) regarding how to do the financial setup and I'm not entirely sure if the proposals I got back are legal or not.
One of them used growth shares for a portion of the payment as a mean of avoiding income tax (paying CGT instead), which from what I read is an avoidable tax evasion scheme.
The other suggested I create my ltd company in the UK with a low salary and get the rest through dividends. Not sure why this would be more legal than the solution above, but from what I read this seems to be common practice?
I am a bit confused with all the information received so I thought I would reach out to you guys and maybe someone has gone through a similar situation or knows how this works. So here are some questions:
1. Can I live in France and do my finances through a UK limited company and pay my taxes in the UK or would I be liable to pay french tax and national insurance too?
2. Has anyone worked with Access Financial Services? Any good/bad experiences?
3. What kind of setup you think is better for a situation like this? Setting up a company in the UK? Setting up a company in France? Working through an umbrella in the UK? (is this even possible?) Or working through an umbrella in France (called portage salarial)?
Thanks in advance.
I'm going to move to France later in the year and I'm going to start working with a contract for a UK based company - maybe start with 1 year with the possibility of extending it. I contacted a few companies (Access Financial, umbrella match, compare the umbrella) regarding how to do the financial setup and I'm not entirely sure if the proposals I got back are legal or not.
One of them used growth shares for a portion of the payment as a mean of avoiding income tax (paying CGT instead), which from what I read is an avoidable tax evasion scheme.
The other suggested I create my ltd company in the UK with a low salary and get the rest through dividends. Not sure why this would be more legal than the solution above, but from what I read this seems to be common practice?
I am a bit confused with all the information received so I thought I would reach out to you guys and maybe someone has gone through a similar situation or knows how this works. So here are some questions:
1. Can I live in France and do my finances through a UK limited company and pay my taxes in the UK or would I be liable to pay french tax and national insurance too?
2. Has anyone worked with Access Financial Services? Any good/bad experiences?
3. What kind of setup you think is better for a situation like this? Setting up a company in the UK? Setting up a company in France? Working through an umbrella in the UK? (is this even possible?) Or working through an umbrella in France (called portage salarial)?
Thanks in advance.
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