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  1. Sticky: The reality is that the agent, billing co, or...

    The reality is that the agent, billing co, or anyone else in the chain, isn't going to give up their liberty for you, me, or anyone else.

    Sure, if they're in Dubai (the only split biller I'd use...
  2. Sticky: I agree. This loophole lets you contract in...

    I agree.

    This loophole lets you contract in Belgium without registering for their modest tax system, but it does not absolve you from any liabilities. Of course you need a financial adviser to...
  3. Sticky: The self employed definition

    LIMOSA defined a self employed person thus:

    ‘For the purposes of this Chapter and its implementing decrees:

    7. “self-employed workers” shall mean all natural persons carrying out a...
  4. Sticky: Here is the ruling.

    On those grounds, the Court (Fourth Chamber) hereby:

    1. Declares that, by adopting Articles 137(8), 138, third indent, 153 and 157(3) of the Programme Law (I) of 27 December 2006, in the...
  5. Sticky: HUGE NEWS!

    I went back to the sources of information, rather than just rely on quotes that cannot be substantiated and I found this!

    THIS IS HUGE NEWS FOR ANY CONTRACTOR IN BELGIUM

    Taken directly from the...
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    Not sure if this is already bought up in the...

    Not sure if this is already bought up in the thread, but my take is not just on sentences being daft for these sorts of petty crimes compared to other crimes where folk get off almost Scot free, but...
  7. Sticky: The reason I decided to post updates today was in...

    The reason I decided to post updates today was in response to a PM I received, and the following information is as a result of the ensuing conversation with the person who contacted me.

    He/she has...
  8. Sticky: Apathy is the contractors worst enemy. The "I've...

    Apathy is the contractors worst enemy. The "I've got away with it for so long I've forgotten about the risks" attitude. This leads to sloppiness, and mistakes, and you do end up leaving a trail of...
  9. Sticky: Thanks cojak :happy I've been on an extended...

    Thanks cojak :happy

    I've been on an extended sabbatical for some time now, but I get the odd panicked PM/email from terrified contractors who've received letters from the fisc/police. It...
  10. Sticky: I did some reading back on the debates that are...

    I did some reading back on the debates that are raging about iTecs and Globo and others, and the comments about not having to file tax returns in Belgium etc...

    Let me tell you once and for all. ...
  11. Sticky: Hi all! As cojak correct stated I stopped...

    Hi all!

    As cojak correct stated I stopped writing on here some years ago, mainly as I left Belgium and have stopped contracting there.

    I got a worried PM today and so decided to post here to...
  12. Sticky: Now everyone, let's try and stay on topic. If we...

    Now everyone, let's try and stay on topic. If we want to debate the best and worst of Europe, let's start another thread :happy

    Yes, I was at it too :emb
  13. Sticky: Hey Mark, The body shop masquerade is...

    Hey Mark,

    The body shop masquerade is something I discuss in the thread about a contractor owned ManCo. It’s a good ruse, and if you’re careful works well. The difference between a ManCo and a...
  14. Sticky: Lacking some eloquence :tongue but all very true...

    Lacking some eloquence :tongue but all very true I'm sad to say.

    The infrastructure is collapsing, money is being spent on stupid projects despite the fact Belgium is technically broke (read the...
  15. Sticky: And here’s me thinking everyone is on holiday! ...

    And here’s me thinking everyone is on holiday!

    By permanent contract, I assume you mean a permy job? i.e. On salary?

    Simple facts. If you are a permy in Belgium, then you will be expected to...
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    OK, I had a good chuckle at your reply, and...

    OK, I had a good chuckle at your reply, and accept that there was some fun interjected :tongue

    I don’t accept that a business only has an accountant to do double entry bookkeeping, and that most...
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    Wise words indeed. It seems to have descended...

    Wise words indeed. It seems to have descended into the philosophy, or rights and wrongs of avoidance, something I wanted to avoid, but hey ho :smokin
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    There are people far more knowledgeable than me...

    There are people far more knowledgeable than me on CUK, that can discuss IR35, but from my own understanding I think some of your comments may be confused.

    A long time since I’ve been called...
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    Thanks for the informative post! The case you...

    Thanks for the informative post! The case you note does indeed show there is a risk of ‘disguised remuneration’.

    The good news for me, is that as long as the contractors are not employees of...
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    Hopefully an accountant or two will jump in with...

    Hopefully an accountant or two will jump in with their views.

    The fact seems to be (is), that we [contractors] take dividends as shareholders in our companies to avoid NI. In Belgium, and most of...
  21. Replies
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    If you mean you pay Corporation Tax, and then...

    If you mean you pay Corporation Tax, and then Dividend Tax, I agree.

    The whole idea is to pay zero, or minimal Corp tax, so that when you pay tax on the Dividend the benefit is clear.

    Remember...
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    Salary or Monthly Dividends

    A point of discussion has arisen in the thread about a contractor ManCo concerning taking monthly dividends instead of, or to supplement salary.

    As another poster also commented there is...
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    New Problems after this weekend

    On IE6 I am seeing quotes randomly not displaying, and instead large white spaces in their place.

    I also no longer see the Notifications or Settings menu items unless I hover over them with the...
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    Rather than start a debate about dividends here,...

    Rather than start a debate about dividends here, I'll kick of a thread as ERS legislation is way beyond the scope of this discussion.

    For my part, the frequency of dividends is a personal choice. ...
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    I would recommend a dividend every 3 months. ...

    I would recommend a dividend every 3 months. This is to avoid it being treated as salary by the appropriate Hector.

    The employment-related securities ('ERS') legislation in Part 7, ITEPA 2003...
  26. Replies
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    SS is paid on your salary. If you pay yourself a...

    SS is paid on your salary. If you pay yourself a salary you pay SS/NI in the country you are tax resident in.

    In the collective solution, you would invoice for your monthly fees, either as a...
  27. Replies
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    I foresee no tangible benefits in keeping it. ...

    I foresee no tangible benefits in keeping it. However, others may.

    If I take a salary from Cyprus, and it’s a big if, then I will declare this on my personal tax return, together with any...
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    You make it sound wonderful, well apart from the...

    You make it sound wonderful, well apart from the wet stuff :laugh

    What are the personal rates on income tax/NI? If you have to dump 55% of the profits as dividends, I wonder if you either need a...
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    My thoughts on this: None of the other schemes...

    My thoughts on this:

    None of the other schemes out there are illegal. WTF I hear you say?

    They are not compliant.

    They simply do not afford 'you' their client, tax compliance, and...
  30. Thread: Afss

    by nodric
    Replies
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    I’ve written about these folks a few times. They...

    I’ve written about these folks a few times. They are simply an offshore income splitting scheme. Accountants in India doing basic double entry bookkeeping, and provided you don’t get investigated...
  31. Sticky: The site used to have a bad language detector,...

    The site used to have a bad language detector, and replaced all bad words with Tulip. The bad language police seem to have turned it off recently, but some posters still substitute the phrase for...
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    The HOW is relatively simple. The plausibility...

    The HOW is relatively simple. The plausibility is the bit that takes the effort.

    For instance: I give lots of advice, or perhaps suggestions. This is a form of consultancy. MyCo in the sunny...
  33. Replies
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    The concept of nominee directors has been around...

    The concept of nominee directors has been around since time began. If the MyCo goes t*ts up, the nominee is like Teflon.

    A nominee director is someone who in fact is renting his or her name to...
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    I have written on this a lot! Remember your...

    I have written on this a lot!

    Remember your personal CEI is different from the Companies CEI. Less onus on you to prove the companies CEI, and as you don’t seek to move your own CEI, there will...
  35. Replies
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    Deloitte's have now been instructed, and will...

    Deloitte's have now been instructed, and will soon approve, modify, or otherwise kill the structure.

    They may propose a better, more flexible way to do things. We will see. However, we are...
  36. Joint account with a US Citizen is easy to get,...

    Joint account with a US Citizen is easy to get, but you need to walk in to a branch with your passport.

    Open a Delaware LLC, and use the formation outfits to open you an account. No tax on...
  37. Read the post here...

    Read the post here.

    It contains a good summary of the VAT rules in the EU etc, and also contains all the links to the EU/UK websites etc.
  38. Replies
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    If you are spending more than 183 days a year...

    If you are spending more than 183 days a year outside the UK, then after 3 years, usually less if you apply, Hector will normally consider you no longer domiciled or resident for tax. <---- This is...
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    Warnings: IOM is non OECD compliant. Lots...

    Warnings:

    IOM is non OECD compliant.

    Lots of pimps won’t touch IOM, so you may have a hard time getting work without doing a lot of leg work to convince the pimp you actually live there, or are...
  40. Read my short thread on this (sticky) which...

    Read my short thread on this (sticky) which covers current VAT rules.

    In short, you do not charge UK vat if you are vat registered, and your client is vat registered in Holland.

    You issues a...
  41. Initial response would be “it’s in the name of...

    Initial response would be “it’s in the name of the old MyCo so let them go chase it”. If it’s closed, and no longer exists, the claim will reach a dead end and vanish in time.

    6 years is the...
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    Here’s the problem. If a contractor generates...

    Here’s the problem.

    If a contractor generates 10K income for the company each month, but another generates 15K (I used my words advisedly so as not to suggest we actually earn such income as...
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    Belgian banks have had a Private Banking sector...

    Belgian banks have had a Private Banking sector for a long time, and have attracted money from non Belgian residents/citizens. They had a level of bank secrecy similar to the Swiss, and in common...
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    No it's the rule. I was trying to find an...

    No it's the rule. I was trying to find an exception :D

    This is why Cyprus is excellent for the individual, or for a group of contractors that trust each other enough (insert scepticism here) to...
  45. Thread: CUK on IE6

    by nodric
    Replies
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    694

    CUK on IE6

    Did it get a makeover this weekend?

    Suddenly everything works again, is easy to see and navigate, and no weird formatting issues? All the icons have a nice grey hue now, and colorize as I hover...
  46. Replies
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    News I am in the process of setting up the...

    News

    I am in the process of setting up the required 'collective’ company structure. This is currently being tested by Deloitte to ensure tax compliance across EU jurisdictions.

    For now, the...
  47. Sticky: 1. The forum is just that, a forum with all its...

    1. The forum is just that, a forum with all its warnings and faults, and its fair selection of loonies and eccentrics :happy

    However, experience counts for a great deal in this game, and trust me...
  48. Sticky: It’s a strange World of distrust this whole tax...

    It’s a strange World of distrust this whole tax planning stuff :smile

    I’ve often toyed with the idea of booking a room, and inviting the masses to a briefing session, or whatever. I just don’t...
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    I almost just got fired laughing so much at that...

    I almost just got fired laughing so much at that last paragraph :laugh
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    Too funny :laugh So true, and a great analogy,...

    Too funny :laugh

    So true, and a great analogy, although not sure Cliff is such a good artist, but then there's no accounting for taste :tongue
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