UK resident receiving salary from offshore company

[kingmar1]

I AM WORKING FOR AN ONLINE LEAD GENERATION COMPANY BASED OFFSHORE AND I WOULD LIKE TO UNDERSTAND WHAT IMPACT DOING THIS THROUGH AN OFFSHORE COMPANY HAVE ON MY TAX RESPONSIBILITIES IN THE UK.

SHOULD I BE PAYING TAX IN THE UK AND IF YES HOW MUCH?

IN SHORT, I AM TRYING TO FIND OUT IF THERE IS ANY UK TAX TO PAY FROM THIS INCOME COMING FROM THE OFFSHORE COMPANY.

 

[Scalloway]

Your UK residence status affects whether you need to pay tax in the UK on your foreign income.

https://www.gov.uk/tax-foreign-income/residence

 

[kingmar1]

Thanks.

Do you know where I could go for help to arrange my personal tax affairs in the most tax efficient way please( keeping in mind the income if coming from offshore if that makes a difference)?

 

[Scalloway]

An accountant will be able to help. Look for one that specialises in this area.

 

[kingmar1]

Thanks for this!

 

[Mitchells Bristol]

Hello there

You essentially have two options - either the overseas company registers for PAYE in the UK< or you register yourself under a Direct PAYE scheme. Either way a registration will be needed in order for the approrpiate tax and NI to be withheld and paid over.