Guest guest Posted March 12, 2006 Report Share Posted March 12, 2006 Hi All, Hoping the group can help with some advise on the UK tax system. I currently work on vessels in the North Sea usually on the UK Continental self, but I always manage to get a foreign port in somewhere along the lines and do at least 180 days offshore. Well at the moment I have got two choices as I understand it, that's stay PAYE and claim back the tax at the end of the year. Or go self employed but I have had some confusing advice saying that I could be liable for all my tax. But I do have a final option I spend most of my time in Thailand now and have a apartment in Bangkok combined with 180days and the time I spend in Thailand I do quailfy as a non UK resident. Now if I declare myself as a non-UK resident would I still be liable for tax if I work on the UK Contiental self. Or if no one knows the answer can they give me a name and number of a bloody good accountant who doesn't charge a fortune. Best Regards to the group Chas Sutherland peter mitchell <treetop_bay@...> wrote: But if you live in North Cyprus where I hear land and property is cheaper then you have to employ Mrs Cherie Blair (nee Boothe) to defend your property rights from those Greek people in the south...at least I understand that in the North the Turks have got a fresh water pipeline from the mainland...but how are you and the family enjoying your life there Ian ? I have spoken to a French chap we have on board and the figures are correct except for foreigners who simply get onto the tax free bit by putting everything in the wife's name, who is a non tax paying resident, and then coming home on R & R to be with her...! Of course you are now obliged to remember birthdays, anniversaries and International Women's Day...but you get to eat great food and drink lovely local wines and not pay tax to Mrs Blair's bloody husband. P " Sharpe, Ian [AT] " <Ian.Sharpe@...> wrote: Spend 180 Days out of the country and you can live tax free in Cyprus. Decent property laws for foreigners as well but getting expensive.... Rgs Ian Re: Re: France Hi , Please keep me informed of what you find out as I quite fancy the idea of living somewhere in Europe. Anyone know the Slovenian tax code? Mick --------------------------------- On 7 Music: Create your own personalised radio station. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 13, 2006 Report Share Posted March 13, 2006 Chas, I presume you work for an agency, if you work for more than one, you need a foreign port for each one. Another option is to work for your own company, just the one port as for self employed. You can pay your self the minimum wage and also in shares you can also do a lot more things, . If it is a Foreign company you don't have to pay NI. Best Rgds, Re: Re: France<BR> > <BR> > Hi ,<BR> > Please keep me informed of what you find out as I quite > fancy the idea<BR> of living somewhere in Europe.<BR> > Anyone know the Slovenian tax code?<BR> > <BR> > Mick<BR> > <BR> > <BR> > <BR> > > ; <BR> ---------------------------------<BR> > On 7<BR> > Music: Create your own personalised radio station. <BR> > <BR> > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 13, 2006 Report Share Posted March 13, 2006 Hi , So if I set mnyself up as an aussie company and worked here I would not pay tax? interesting. Then again, the Australian Government will find a way to tax me. Mick <remotemedics@...> wrote: Chas, I presume you work for an agency, if you work for more than one, you need a foreign port for each one. Another option is to work for your own company, just the one port as for self employed. You can pay your self the minimum wage and also in shares you can also do a lot more things, . If it is a Foreign company you don't have to pay NI. Best Rgds, Re: Re: France<BR> > <BR> > Hi ,<BR> > Please keep me informed of what you find out as I quite > fancy the idea<BR> of living somewhere in Europe.<BR> > Anyone know the Slovenian tax code?<BR> > <BR> > Mick<BR> > <BR> > <BR> > <BR> > > ; <BR> ---------------------------------<BR> > On 7<BR> > Music: Create your own personalised radio station. <BR> > <BR> > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 13, 2006 Report Share Posted March 13, 2006 Mick, You would pay tax, but if you paid yourself a small amount of money, £5K pa you would not then. and take the rest as company dividends. You could have perks like a company car ect, but you would have to look into that. Re: Re: France<BR> > ;<BR> > <BR><BR> > > Hi ,<BR><BR> > > Please keep me informed of what you find out as I > quite<BR> > fancy the idea<BR> of living > somewhere in Europe.<BR><BR> > Anyone > know the Slovenian tax code?<BR><BR> > > ; <BR><BR> > Mick<BR><BR> > > <BR><BR> > > <BR><BR> > > <BR><BR> > > > <BR> > ; <BR> > ---------------------------------<BR><BR> > On > 7<BR><BR> > Music: Create your own > personalised radio station. <BR><BR> > <BR> > ;<BR> > [Non-text portions of this message have been > removed]<BR><BR> > <BR><BR> > > <BR><BR> > > <BR><BR> > > Member Information:<BR><BR> > > <BR><BR> > > List owner: Ian Sharpe Owner@...< > ;BR><BR> > Editor: Ross > Boardman<BR> > Editor@...<BR> < > ;BR><BR> > ALL list admin messages (subscriptions > & <BR> > unsubscriptions) should be sent<BR> > to the list owner.<BR><BR> > <BR><BR> > > Post message: egroups< > ;BR><BR> > <BR><BR> > > Please visit our website <a<BR> > ><BR> > href= " <a > href= " http://www.remotemedics.co.uk " >http://www.remotemedi > cs.co.uk</a> " ><a > href= " http://www.remotemedi " >http://www.remotemedi</a><BR> > > cs.co.uk</a><BR> <BR><BR> > > Regards<BR><BR> > <BR><BR> > > The Remote Medics Team<BR><BR> > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 13, 2006 Report Share Posted March 13, 2006 Note: if you form a limited company in order to 'pay' yourself by dividends, you do pay tax on the company 'profit' but at a lower rate. Make sure if you go this route you do not fall foul of IR35 legislation which is aimed at contractors. Regards <BR> > > ; <BR><BR> > Spend 180 Days out of > > the country and you can live tax<BR> > free in > > Cyprus.<BR> Decent property laws for foreigners > > as<BR> > well but getting expensive....<BR> < > > ;BR><BR> > Rgs<BR><BR> > > > <BR><BR> > > > Ian <BR><BR> > > > <BR><BR> > > > Re: Re: France<BR> > > ;<BR> > <BR><BR> > > > Hi ,<BR><BR> > > > Please keep me informed of what you find out as I > > quite<BR> > fancy the idea<BR> of living > > somewhere in Europe.<BR><BR> > Anyone > > know the Slovenian tax code?<BR><BR> > > > ; <BR><BR> > Mick<BR><BR> > > > <BR><BR> > > > <BR><BR> > > > <BR><BR> > > > > > <BR> > ; <BR> > > ---------------------------------<BR><BR> > On > > 7<BR><BR> > Music: Create your own > > personalised radio station. <BR><BR> > <BR> > > ;<BR> > [Non-text portions of this message have been > > removed]<BR><BR> > <BR><BR> > > > <BR><BR> > > > <BR><BR> > > > Member Information:<BR><BR> > > > <BR><BR> > > > List owner: Ian Sharpe Owner@...< > > ;BR><BR> > Editor: Ross > > Boardman<BR> > Editor@...<BR> < > > ;BR><BR> > ALL list admin messages (subscriptions > > & <BR> > unsubscriptions) should be sent<BR> > > to the list owner.<BR><BR> > <BR><BR> > > > Post message: egroups< > > ;BR><BR> > <BR><BR> > > > Please visit our website <a<BR> > > ><BR> > > href= " <a > > > href= " http://www.remotemedics.co.uk " >http://www.remotemedi > > cs.co.uk</a> " ><a > > > href= " http://www.remotemedi " >http://www.remotemedi</a><BR> > > > cs.co.uk</a><BR> <BR><BR> > > > Regards<BR><BR> > <BR><BR> > > > The Remote Medics Team<BR><BR> > > > Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.