Do I need a director’s fee in my company if my company is dormant whilst I work through an umbrella company?
No - as you can potentially utilise your personal allowance to offset against income taxed at source by the umbrella company paying you.
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Do I need a director’s fee in my company if I am captured by IR35?
No - as you can potentially utilise your personal allowance to offset against income taxed at source when paid by your agency into your company.Do I still benefit from a personal allowance if I am UK non-resident?
If you are UK non-resident you may still be able to get a personal allowance in certain situations.Does IR35 apply if I am working overseas or my client is overseas?
If your client is based overseas with no presence in the UK, then the IR35 rules don’t apply. If they are based overseas but do have a connection to the UK, then they have to assess your IR35 status.Do I need to pay UK tax on foreign employment income?
Possibly. You should complete the statutory residency test (SRT) tests questions to check your residency status and make sure.What are the conditions where split rules could be applicable?
You are only eligible for split-year treatment for a tax year if you are UK resident under the SRT for that tax year and you arrive (or depart) from the UK in that year.What does ‘split year rules’ mean?
If you arrive in the UK, or leave the UK during the tax year, special rules apply. These are known as ‘split year rules’.What is a form P85?
A P85 is a form completed by anyone who plans to leave the UK to work abroad full-time for at least one complete tax year. It helps to ensure that your UK tax position is correct.Do I need to tell HMRC If I am going to live/work abroad?
You only need to tell HMRC about living/working abroad if you expect to break your UK tax residence.Should I work through my limited company when working overseas?
Because there may be specific local tax implications and restrictions in operating through your company (or individually) overseas, we recommend that you seek advice from an overseas specialist before making a decision.
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