Contractor Resources - Contracting Overseas

Working as a contractor through your own limited company in the UK is commercially rewarding and also very tax efficient. It is easy to forget, but the UK has one of the lowest rates of Corporation Tax in Europe. Before you decide to leave the UK as a contractor consider the following:

Your client or agent should be able to answer most of your questions. Also, other contractors are usually more than happy to provide a helping hand when it comes to explaining how they work and what pitfalls to look out for.

Other things to think about are currency exchange rates and the sometimes high cost of expert tax advice in the country you are working in. This coupled with potentially higher corporation tax may actually take the shine off those higher daily contract rates.

Our advice is if you are just working overseas for a short while i.e. a couple of months and are invoicing from your UK limited company and being paid by a UK client, there is little to worry about. However, if you are considering working abroad for any length of time, it would be in your best interest to seek specialist advice.

If you have any questions on the above please Contact Us