UK Tax

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I design websites and am based in the UK.

What would be the best way for me to pay the least amount of taxes, legally ?

BTW I dont need to be resident in the UK so an offshore solution would be OK and how much would I need to earn to make this feasable?

Reply to
127.0.0.1
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Depends on your circumstances. A limited company may be the best depending on how much you earn.

If you are living in the UK, setting up the business offshore will not lead to you paying less tax, and could mean you have to pay more.

If you want to leave the UK, you will need to look at more than just tax.

Reply to
Jonathan Bryce

Go to the library or bookstore and get some books on International Tax shelters. I believe that the process involves the majority of your income originating outside of the United Kingdom (ala Madonna). Once you have determined that you fit into the category, go to a lawyer who specializes in this field to confirm if you actually do.

It's not common but Britian does allow it and if you make enough it can be quite worth while.

Stephen.

Reply to
System Prompt

using a Ltd Company, paying yourself predominantly via dividends,

Enough to pay for a heart-bypass should you need one after you've opted out of the local social security

Tim

Reply to
tim

Shh....... These are things best learnt on one's own. ;-)

i.e. there's a reason why only the very wealthy choose to go this route.

Stephen

Reply to
System Prompt

But what about IR175 which is supposed to crack down on this kind of tax avoidance.

Reply to
No Flipping

you mean 35????

The guy will be working at home (or so he implied), it will almost certainly not apply

Tim

Reply to
tim

"tim" wrote

Ermmm - you can be considered to be an "employee" of a single-client, even if you work at home! [Nearly happened to me - took the IR a month to agree that what they had said before was still true!!]

Reply to
Tim

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