Reply to post: Re: Power to the multitude

UK taxman wins tribunal case against BBC presenters

Roland6 Silver badge

Re: Power to the multitude

I'm guessing most contractors couldn't afford the initial legal fees to start off-shoring their income

It's not so much the fees as being a UK resident for tax purposes; having your income paid via an off-shore entity is tax evasion.

However, you could set up an off-shore entity and avail yourself of the double Irish with a Dutch sandwich (although the door is closing on this arrangement), so that your company has to pay branding fees etc. to an off-shore entity, which would reduce your UK tax bill. Although I suspect the setup and annual operating fees would exceed any tax saved for a typical contractor.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

SUBSCRIBE TO OUR WEEKLY TECH NEWSLETTER

Biting the hand that feeds IT © 1998–2019