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Author Topic: Tax for expats  (Read 1864 times)

css3456

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Tax for expats
« on: 15 June 2010, 04:51:06 pm »
This might be too general for this board (and searches didn't help me find it), but does anyone have any info for how UK tax works for escorts who are expats? ("Expat escort", has a ring to it!)
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Mango

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Re: Tax for expats
« Reply #1 on: 16 June 2010, 01:38:32 pm »
Do you mean a UK escort working abroad, or a foreign girl working in the UK? Also the country you come from/go to makes a difference, most likely you have to pay taxes where you live. It's not different for escorts then for other self-employed expats, so look out for general information!
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amy

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Re: Tax for expats
« Reply #2 on: 16 June 2010, 11:15:17 pm »
Quote from: css3456 on 15 June 2010, 04:51:06 pm
This might be too general for this board (and searches didn't help me find it), but does anyone have any info for how UK tax works for escorts who are expats? ("Expat escort", has a ring to it!)

Hi there - I seem to remember you saying you were American? I don't claim to be an expert but I have clients from the US who live and work here, and I am fairly sure that all US citizens irrespective of where they are residing have to fill in and submit a Tax Return to the IRS; this is in addition to registering with HMRC here. I think one country gives tax relief on tax paid in the other, but it's seriously complicated stuff and you need expert advice - I'm not confident offering any more information than that because I really don't know how it works.

The HMRC website is here and you should be able to find a relevant helpline number to ring and ask them - they are very good and will give you all the bits you need to sort things out  :).
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Lucy Chambers

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Re: Tax for expats
« Reply #3 on: 17 June 2010, 10:30:10 pm »
Quote from: Mango on 16 June 2010, 01:38:32 pm
Do you mean a UK escort working abroad, or a foreign girl working in the UK? Also the country you come from/go to makes a difference, most likely you have to pay taxes where you live. It's not different for escorts then for other self-employed expats, so look out for general information!

If you spend 90 percent of your time abroad and pay tax at source, meaning declaring your income to the relevant tax system of that country, you are not taxable in the uk.

However, if you do not contribute to the ni/income tax pot while abroad you will not receive a uk pension, and, unless Im wrong, at some point on return will become eligable to pay 'back tax', and will go onto the emergency tax bracket if you decide to take employment in the british isles.

However! I was living in santander and marbella for some years and these are the rules that applied then. (2001-2004) I would not be very suprised if they have changed. I pay my tax bill via a accountant, I always find that qualified people are the best to consult on such serious issues.
It is worth noting that those newly registered to pay tax will  not actually receive a tax demand until 18 months after registration.. plus, if you have not set aside the correct ammount they will usually set up a p/p. You can register under any profession you choose, (I am a alterantive therapist) and may submit receipts for vat relief.

Any one who needs a friendly accountant who knows exactly what you do and is in no way interested, all for the bargain fee of 218.00 per year, pm me.

Hope that helps but I am in a rush so it may not lolol

Luce
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amy

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Re: Tax for expats
« Reply #4 on: 18 June 2010, 09:36:02 am »
Quote from: Lucy Chambers on 17 June 2010, 10:30:10 pm
It is worth noting that those newly registered to pay tax will  not actually receive a tax demand until 18 months after registration.. plus, if you have not set aside the correct ammount they will usually set up a p/p. You can register under any profession you choose, (I am a alterantive therapist) and may submit receipts for vat relief.

Any one who needs a friendly accountant who knows exactly what you do and is in no way interested, all for the bargain fee of 218.00 per year, pm me.

Hope that helps but I am in a rush so it may not lolol

Luce

This is all covered ad nauseum elsewhere on the forum, and while it never hurts to repeat it for newbies who may not have read all the relevant threads, the OP was asking specifically about her tax status as a US citizen living and working in the UK, and since the situation is far more complicated than usual, I think it's generally been established that she needs to take professional advice.

I wouldn't worry about registering for VAT unless you think your turnover may start getting close to the threshold; currently ?70,000. If this is the case, you'd be well advised to go on holiday for the remainder of the year - it is a royal pain in the arse and I wouldn't wish it on anybody.
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