AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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Help ƒ¼
I looking to take a contract in Norway.
I will setup a limited company of my own¡K.
How would taxation work, living in the UK, working in Norway? Would I be subject to duel taxation?!?! Can anyone suggest any loopholes¡K. Or point me in the right direction ¡K
Duh 
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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I think if you work out the country for a certain amount of time you don't get taxed on earnings.
or setup a company over here and take profits as dividends instead of a salary. ur get a reduced rate. revenue r trying to close this but its still available at the mo.
http://news.bbc.co.uk/1/hi/business/4531994.stm
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James_DT
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Registered: 9th Apr 04
Location: Cambridgeshire
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When my Dad worked in Saudi, he didn't pay tax on what he earned despite living in the UK and the business being registered to our home address.
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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John-C - That i know.... but its Norweigan tax i'm worried about... basic rate is 40%.... will they be hounding me 
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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if ur still a UK resident then b uk tax u'll pay.
sorry not sure if this is helping but hold the money in the business and take as dividends at 10%
http://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/TaxOnSavingsAndInvestments/TaxOnSavingsAndInvestmentsArticles/fs/en?CONTENT_ID=4016453&chk=FuPP1L
[Edited on 20-01-2006 by John_C]
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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i understand how Ltd companies work.... just cant quite figure out the taxation .... if you work in a country you should pay there tax.... or so i though
i confusled
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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not if you live in the UK for most of the year, say 8-9 months a yr. i think im not totally sure. speak 2 a accoutant in this field, you shouldn't need 2 pay for the privilige
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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http://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/LeavingOrComingIntoTheUK/LeavingOrComingIntoTheUKArticles/fs/en?CONTENT_ID=10026136&chk=TVlSLi
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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So u taking that offer up to go it on your own. So you take all of what the pay instead of getting the wage from the £750 odd quid they currently pay your employer per day 
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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i'd be getting £550 a day
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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Working partly in and partly outside the UK for an overseas employer
If you’re resident and ordinarily resident, you’ll pay UK tax on all your earnings.
If you’re resident but not ordinarily resident:
for work you do in the UK, you’ll pay tax on all your earnings
for work you do overseas, you’ll only pay tax on any earnings you bring into the UK
In either case, it makes no difference whether or not you’re domiciled.
clear as mud
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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quote:
Originally posted by AK
i'd be getting £550 a day
that's soooooooo sick
Will you still get expenses aswell e.g. fligts paid for to where you're needed or what? 
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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Double taxation agreements
The UK has ‘double taxation agreements’ with many countries to make sure you’ll only pay tax in one country.
If there’s no agreement and you have already paid tax overseas you can usually claim either of the following:
‘unilateral relief’ in the UK – relief against the amount that would have been payable in the UK
a deduction from your taxable earnings for the foreign tax you’ve paid
Note that you can’t claim relief for more than the UK tax that’s due on the same income. Check the tax return foreign pages help notes for details.
+++++++++++++++++++++++=
List of the UK's double taxation agreements
9.16 Countries with which the UK has double taxation agreements in force covering taxes on income and/or capital gains (other than limited agreements concerned solely with air transport and shipping) at October 1999 were as follows
Antigua and Barbuda
Argentina
Australia
Austria
Azerbaijan
Bangladesh
Barbados
Belarus 1
Belgium
Belize
Bolivia
Botswana
Brunei
Bulgaria
Canada
China
Croatia 2
Cyprus
Czech Republic
Denmark
Egypt
Estonia
Falkland Islands
Fiji
Finland
France
Gambia
Germany
Ghana
Greece
Grenada
Guernsey
Guyana
Hungary
Iceland
India
Indonesia
Ireland (Republic of)
Isle of Man
Israel
Italy
Ivory Coast (C™te d'Ivoire) Jamaica
Japan
Jersey
Kazakhstan
Kenya
Kiribati
Korea (Republic of)
Latvia
Lesotho
Luxembourg
Macedonia 2
Malawi
Malaysia
Malta
Mauritius
Mexico
Mongolia
Montserrat
Morocco
Myanmar (Burma)
Namibia
Netherlands
New Zealand
Nigeria
Norway
Oman
Pakistan
Papua New Guinea
Philippines
Poland
Portugal
Romania
Russian Federation
St Kitts and Nevis
Sierra Leone
Singapore
Slovak Republic (Slovakia)
Slovenia 2
Solomon Islands
South Africa
Spain
Sri Lanka
Sudan
Swaziland
Sweden
Switzerland
Thailand
Trinidad and Tobago
Tunisia
Turkey
Tuvalu
Uganda
Ukraine
USA
Uzbekistan
Venezuela
Vietnam
Yugoslavia (Federal Republic) 2
Zambia
Zimbabwe
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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quote:
Originally posted by Tom
quote:
Originally posted by AK
i'd be getting £550 a day
that's soooooooo sick
Will you still get expenses aswell e.g. fligts paid for to where you're needed or what?
yup.... but not such a easy time with them.... only work things.... not beer etc like now
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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good luck you cunting shitface fuckeye twat nose me no jealous
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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setup the business in switzerland, live there dont pay no tax 
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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i really need to visit an accountant
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ed
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Registered: 10th Sep 03
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Yes, get a good accountant then you wont have to pay tax 
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Tim
Site Administrator
Registered: 21st Apr 00
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Yeah most the contractors here pay on average 21-24% tax overall (£500-600 a day income).
Find a good accountant -- there's loads of ways to reduce your liability.
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Robbo
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Registered: 6th Aug 02
Location: London
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How many days will u be in UK, if more than 179 days (iirc) then you would pay tax in norway and yes Im sure there would be a d-t agreement
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