Hi,
I am a UK resident (though non-domiciled), who has just become a director of a offshore (non-EU) company (not controlled by me, only a very minority shareholder). I will be given a director's fees. Will I be liable to pay NI contributions and if yes at what rate? Will the offshore company be liable for anything (there are no witholding taxes)? They do not want to make any filings in the UK as they do not incur any other expenditure or draw any income in the UK and it would be an extra hassle and a significant expense for them to do so, whereas I need the income.
Thanks in advance to all you helpful people!
Ash
NI on director's fees from overseas company
2 posts • Page 1 of 1
NI on director's fees from overseas company
by NoviceAsh on Mon Jan 03, 2011 8:56 pm
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Re: NI on director's fees from overseas company
by innovativetax on Wed Mar 30, 2011 12:29 pm
are you non-excutive or excutive director?
Odiri Tax Consultants
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Stuart House - East Wing,
St John's Street,
Peterborough,
Cambridgeshire,
PE1 5DD
Tel: 01733 808075 Fax: 08704719517
e-mail: tax@odiritaxconsultants.com
Web: www.odiritaxconsultants.com
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2 posts • Page 1 of 1
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