Hi everyone,
First-time contractor here with a couple of questions that I wanted to clarify. I'm currently working with a company, but my visa with them is expiring and I am moving back to the United States in a few weeks. I've worked out an agreement with them to continue contracting for the company, but based out of the US rather than the UK. A couple of questions I wanted to clarify:
1. Do I still need to register as a sole trader with HMRC if I am acting as an American contractor rather than a UK-based one? I've done some self-verification that I wouldn't be classed as a British resident by the end of this tax year, so I'm a bit unclear about whether I need to do any registration from the UK end of things.
2. Somewhat related to the first question - the proposed contract states that it would be governed by the laws of England, but given that I'll be primarily operating from the US as an American agent, would agreeing to the contract require me to follow the necessary registration and tax guidelines for a UK contractor rather than a US one?
3. The company is requesting a payout to an English-based bank account. Now I currently do have one, but for tax purposes it seems that it's more sensible to insist that they wire payments to my invoices to my American accounts to avoid any ambiguity about my residency status.
First-time contractor here with a couple of questions that I wanted to clarify. I'm currently working with a company, but my visa with them is expiring and I am moving back to the United States in a few weeks. I've worked out an agreement with them to continue contracting for the company, but based out of the US rather than the UK. A couple of questions I wanted to clarify:
1. Do I still need to register as a sole trader with HMRC if I am acting as an American contractor rather than a UK-based one? I've done some self-verification that I wouldn't be classed as a British resident by the end of this tax year, so I'm a bit unclear about whether I need to do any registration from the UK end of things.
2. Somewhat related to the first question - the proposed contract states that it would be governed by the laws of England, but given that I'll be primarily operating from the US as an American agent, would agreeing to the contract require me to follow the necessary registration and tax guidelines for a UK contractor rather than a US one?
3. The company is requesting a payout to an English-based bank account. Now I currently do have one, but for tax purposes it seems that it's more sensible to insist that they wire payments to my invoices to my American accounts to avoid any ambiguity about my residency status.
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