Ok - I am starting a new IT contract in the UK very soon.
There are these companies that assist in setting your company up with an isle of man base - and therefore having to pay very little tax.
They say it is completely tax compliant.
I'm not so sure though.
Generally it seems like a grey area whereby I would be running the risk of having a big tax bill in future years.
As far as I can see no one knows for certain.
So - my quiestion is this:
Worst case scenario I owe the UK governement a big tax bill.
However I am an irish resident.
What would the consequences be given that I am irish?
i.e. what powers would the uk giovernement have to get the tax owed off a non-uk resident?
There are these companies that assist in setting your company up with an isle of man base - and therefore having to pay very little tax.
They say it is completely tax compliant.
I'm not so sure though.
Generally it seems like a grey area whereby I would be running the risk of having a big tax bill in future years.
As far as I can see no one knows for certain.
So - my quiestion is this:
Worst case scenario I owe the UK governement a big tax bill.
However I am an irish resident.
What would the consequences be given that I am irish?
i.e. what powers would the uk giovernement have to get the tax owed off a non-uk resident?