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Old 25.02.2015, 18:32
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self employed in UK, wor

Hello,

First of all I would like to apologies for my English. It is not my native language so please try to understand me.
I have a question regarding tax in situation if I am self employed in UK for whole year but additionally in the same tax year I have got some work in Switzerland from November 2014 till March2015. Here is little bit more about current situation:
In UK I am self-employed, to deal with accounts I use service of accounting company. Therefore they donít provide any advise about double taxation between different countries.
Usually I pay myself salary on level 8-900 pounds per month. Rest is pay out in form of dividend, up to the level where the tax is not going above some limit. This is what I did for the last 1,5 year.
In November 2014 I start work in Switzerland. Therefore the local company hired and registered me here as regular employee. So at the same time I start pay local Swiss tax. It didnít change anything from UK perspective. My English company still brings some monthly income however I stop pay out salary for there.
Now the question is, Do I have to inform HMRC about my additional source of income coming from Swizz job in the tax year 2014/2015 ? If so than how it has to be done ? Do I have to add amount of money after tax or before Swiss taxation ?
Or I donít have to inform HMRC about income from Switzerland and just make separate tax calculation for UK and Swiss ? which as I believe more benefit for me ?

regards
Karl
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Old 25.02.2015, 18:42
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Re: self employed in UK, wor

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Hello,

First of all I would like to apologies for my English. It is not my native language so please try to understand me.
I have a question regarding tax in situation if I am self employed in UK for whole year but additionally in the same tax year I have got some work in Switzerland from November 2014 till March2015. Here is little bit more about current situation:
In UK I am self-employed, to deal with accounts I use service of accounting company. Therefore they don’t provide any advise about double taxation between different countries.
Usually I pay myself salary on level 8-900 pounds per month. Rest is pay out in form of dividend, up to the level where the tax is not going above some limit. This is what I did for the last 1,5 year.
In November 2014 I start work in Switzerland. Therefore the local company hired and registered me here as regular employee. So at the same time I start pay local Swiss tax. It didn’t change anything from UK perspective. My English company still brings some monthly income however I stop pay out salary for there.
Now the question is, Do I have to inform HMRC about my additional source of income coming from Swizz job in the tax year 2014/2015 ? If so than how it has to be done ? Do I have to add amount of money after tax or before Swiss taxation ?
Or I don’t have to inform HMRC about income from Switzerland and just make separate tax calculation for UK and Swiss ? which as I believe more benefit for me ?

regards
Karl
Assuming your still resident in the UK, you have to pay tax on your world wide income & capital gains unless your a Non Dom.

You need to pay tax on your gross Swiss income , pension payments can be deducted but not AHV payments. Any Swiss tax can be used to offset UK taxes.
When you fill in a tax return in the UK , you can show the income & taxes paid.

If however you have a full time contract of employment in CH, you are definitely non resident in the UK, you should inform the UK revenue if this is the case.
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Old 25.02.2015, 18:56
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Re: self employed in UK, wor

Wow thank you for quick response !

Yes I am still resident of UK. The work in Switzerland is just temporary.
What does it mean "Non Dom" ?
So basically all taxes which are not AHV I can offset on my UK's tax declaration but at the same time I have to add gross income to the overall calculation ?

regards
Karl
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Old 25.02.2015, 19:08
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Re: self employed in UK, wor

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Wow thank you for quick response !

Yes I am still resident of UK. The work in Switzerland is just temporary.
What does it mean "Non Dom" ?
So basically all taxes which are not AHV I can offset on my UK's tax declaration but at the same time I have to add gross income to the overall calculation ?

regards
Karl
https://www.gov.uk/tax-foreign-incom...iled-residents

just CH taxes can be offset against UK tax, your gross CH income needs to be declared, however 2nd Pillar pension is deductible against income.
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Old 26.02.2015, 21:43
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Re: self employed in UK, wor

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Wow thank you for quick response !

Yes I am still resident of UK. The work in Switzerland is just temporary.
What does it mean "Non Dom" ?
So basically all taxes which are not AHV I can offset on my UK's tax declaration but at the same time I have to add gross income to the overall calculation ?

regards
Karl
You (or your tax preparer or software) fills out SA106 https://www.gov.uk/government/public...-foreign-sa106

There are special rules as to National Insurance contributions when you are resident in one country and work, or partly work, in another
https://www.gov.uk/national-insurance-if-you-go-abroad

On the other hand, social security (state pension) contributions and benefits can be "gamed" with a little knowledge and effort in many cases so that you get additional benefits at little cost.
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