Question about a Bonus and NIC
Posted: Thu Jun 07, 2018 11:07 pm
Hi guys,
I'm actually working with a friend of mine and he lives in Singapore. I'm in touch with him in a vast number of projects and recently we obtained a contract giving me access to a certain amount of money to finalize my initial work. I'm a director of a UK Ltd Company but i live in Paris with my girlfriend , we aren't resident in the UK : i wish to give him a bonus for obtaining me a contract which permits to gain more experience, should i consider paying taxes NIC Class 1 in the bonus or earning that i wish to give him ?
Thanks for your answers guys, it really helps me a lot and i don't want to be in trouble with HRMC.
I'm actually working with a friend of mine and he lives in Singapore. I'm in touch with him in a vast number of projects and recently we obtained a contract giving me access to a certain amount of money to finalize my initial work. I'm a director of a UK Ltd Company but i live in Paris with my girlfriend , we aren't resident in the UK : i wish to give him a bonus for obtaining me a contract which permits to gain more experience, should i consider paying taxes NIC Class 1 in the bonus or earning that i wish to give him ?
Thanks for your answers guys, it really helps me a lot and i don't want to be in trouble with HRMC.