I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Thank you. That is helpful. I forgot about the deduction of the salary from the profits. If all goes well I'll fall into the higher tax bracket and then may need to see whether it is better to pay myself
People have told me to be careful about whether they HRMC woudl treat me as an employee or contractor. I have a couple of questions:
1) If I am going to pay myself a salary anyway as you set out above then do I still need to worry about this test?
2) If I do still need to worry about this test I found this test on the gov.uk website. Given my answers next to them in caps how do you think I need to approach this? Are any of these circumstances a problem? Is there something new I should think about? I want to establish myself as a consultant in this space so I don't want to be an employee of other companies as that restricts me. p.s sorry for the shouting in caps! :)
"Someone is probably self-employed and shouldn’t be paid through PAYE if most of the following are true:
Sorry more questions just because you are so helpful!
I am a Swiss national (although i've never lived in Switzerland). On that basis I believe I can live and work freely in the UK. Correct?
I am also a NZ national (born and raised). May parents and only brother live there. I have lived overseas for over 8 years. I don't own any assets in NZ, although I am just beneficiary of a small trust there. I own an apartment in Dubai and have lived in Dubai for almost 7 years. After leaving the UK I intend to come back here to the sun and warmth :). I was trying to work out where my Domicile is given that I'm Non-Domiciled in the UK. I think I would be UAE Domiciled? Is that correct?
thanks a million.
I thank you for accepting my answer.
Your reward of a bonus is greatly appreciated.Best wishes.