Use of offshore composite structures

Postby jetsetter on Sat Mar 04, 2006 12:18 am

Does anyone know if these types of structures are bad news or perfectly ok (provided your non-resident position is established)?
For people who are not ordinarily resident here working on short term contract in the UK - they pay a salary in the UK and remit tax and NIC to IR.
They also pay dividends offshore to supplement this - provided the person is not ordinarily resident. They claim the structure is managed and controlled offshore and the dividends are subject to profitability.
Would it be a problem returning to the UK in a few years time when a P86 would need to be completed - as you need to state your empoyers for the previous 5 years. Would IR be likely to investigate anyone who had an offshore based employer (i.e. Isle of Man)?

Many Thanks
jetsetter
 
Posts: 23
Joined: Wed Aug 06, 2008 3:16 pm

Postby Taxbar on Mon Mar 06, 2006 2:59 am

Question is too vague really.

Many of these arrangements are currently under Enquiry by Revenue and Customs so approach cautiously!

Daniel Feingold
STP
info@stratax.co.uk
Taxbar
 
Posts: 1234
Joined: Wed Aug 06, 2008 2:19 pm


Return to International

Dorifor Internet Marketing Dorifor Tax Group - our portfolio of tax sites:

UK's largest independent tax portal All the tax books on one site global tax seminars, conferences and other events Global tax jobs portal List of UK recruitment agencies and employers