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Old 05.12.2006, 18:48
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Re: branching out professionally

Sorry I am VERY dim when it comes to TAX related issues, are you saying it would be easier and better for me to bring the money i earn in the UK into CH and declare it on my husbands tax return? Would it be better for my clients in the UK to pay me direrctly into a bank account in CH rather than the UK?

I have actually closed my business in the UK, my financial year ended in Sept. But I am still earning money from clients over there and my accountant said it will be straight forward to fill in my own tax return each year.

Sorry for the questions! I just struggle to get my head around it all
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Old 06.12.2006, 06:58
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Re: branching out professionally

Hi Nicky,

From what you say, which implies small amounts and a low level of business activity, it is probably better to leave things as they are. Your UK tax-free allowance will likely balance out any Swiss tax advantage.


BTW, your clients could still pay into your UK account for Swiss tax purposes in the future.
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Old 06.12.2006, 09:55
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Re: branching out professionally

Quote:
The UK Inland Revenue should be informed that you have left the country and they may take a number of years to grant you 'ordinarily non-resident status'. It took me five years (though as a director in the UK my tax was well inspected). They also expected me to fill in a tax form each year. This is no chore and taxes about 10 minutes. I fealt it may be useful to keep my tax-free allowance. After 14 years here the tax forms final stopped coming from Bootle (the expat tax office)...
interesting; I just phoned up [well, in 1995] the tax office in Reading and told them I was living abroad, gave my address here and quit paying tax (and I'm here slightly less time than you).

I was also director of my limited company - but of course income stopped when I left the country and I filed year-end returns of zero-in, zero-out for that year (and maybe the following one).

Being "out" now as a UK taxpayer means that you have to complete a full tax year out of the country (I believe) before you're given the expat status.
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Old 06.12.2006, 10:03
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Re: branching out professionally

Quote:
interesting; I just phoned up [well, in 1995] the tax office in Reading and told them I was living abroad, gave my address here and quit paying tax (and I'm here slightly less time than you).

I was also director of my limited company - but of course income stopped when I left the country and I filed year-end returns of zero-in, zero-out for that year (and maybe the following one).

Being "out" now as a UK taxpayer means that you have to complete a full tax year out of the country (I believe) before you're given the expat status.
I remained a director of the UK company and received (small) dividends. It was only when the company was sold that the IR finally lost interest...
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Old 06.12.2006, 10:09
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Re: branching out professionally

Quote:
I remained a director of the UK company and received (small) dividends. It was only when the company was sold that the IR finally lost interest...
ah, explains a lot. I got my divs out and paid tax and then left it inactive for a year and then wound the sucker up...
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