by 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