Hi,
I have been working for a company in the UK (Global company with offices in UK). During my time in the UK I set up a UK Ltd company to contract through. I have since moved to NZ where I am living and continue to work for the same company. My contract is being extended and the company is now purposing a new payment structure where I would get paid my daily rate in NZD into a UK foreign currency account held by my UK Ltd company as they want to continue the contract through my UK Ltd company.
I would like to know if this is both legal? and how it would work TAX-wise. All money earned by the company is still in the UK but the UK Ltd companies employee is working from NZ. I would obviously like to pay myself a salary, so would this mean I then have TAX obligations in NZ as well as UK (UK corporate and NZ personal)?
Would really appreciate some guidance on this. I can see it turning into an accounting nightmare for my Ltd company.
Thanks in advance
-Steven
I have been working for a company in the UK (Global company with offices in UK). During my time in the UK I set up a UK Ltd company to contract through. I have since moved to NZ where I am living and continue to work for the same company. My contract is being extended and the company is now purposing a new payment structure where I would get paid my daily rate in NZD into a UK foreign currency account held by my UK Ltd company as they want to continue the contract through my UK Ltd company.
I would like to know if this is both legal? and how it would work TAX-wise. All money earned by the company is still in the UK but the UK Ltd companies employee is working from NZ. I would obviously like to pay myself a salary, so would this mean I then have TAX obligations in NZ as well as UK (UK corporate and NZ personal)?
Would really appreciate some guidance on this. I can see it turning into an accounting nightmare for my Ltd company.
Thanks in advance
-Steven
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