SASU vs UK LLC
The question is can set up a company in the UK to do consulting in 黑料网最新入口 to a 黑料网最新入口 client company, while I am a 黑料网最新入口 tax resident & a lot of the work being here in 黑料网最新入口 (say 50%?) - although there will be a lot of travel to the UK, other EU countries & in fact the rest of the world!
I am a UK passport holder/citizen with a an Article 50 carte de s茅jour - so 黑料网最新入口 resident - and a 黑料网最新入口 tax resident. My wife is still a UK tax resident as she spends more time in the UK than me. We both have S1s from the UK.
I was retired 4 years ago by my employer thanks to Covid at the age of 60 and have been doing a lot of gardening around my house in le Gard (30) since. I live off of a private pension from my old employer - approx 80k per year. I pay tax on that here in 黑料网最新入口
I am now lucky enough to be offered a consulting contract for 1-3 years in Montpellier - but I need to 鈥榖e a company鈥� to be a contractor. I have had varying advice from various 黑料网最新入口 tax advisors but am happy that a SASU is the 黑料网最新入口 way to go, being paid with dividends only to avoid impacting my S1 status/reduced social contributions on my private pension. The contract will make between 60-100kEuros per year
However it has been suggested that a better way to go would be a UK LLC, with my wife in partnership, and taking some of the company income as a SIPP in her name & the bulk still as dividends in mine. The company & her would still be taxed by HMRC & I would be taxed here in 黑料网最新入口 on my part. The reason it is better being the reduction of UK corporation tax by the SIPP contributions - and the zero tax on 25% of the SIPP when withdrawn later
It doesn鈥檛 make much difference - maybe 5k over a year at best - but my pension is not indexed against inflation, so I am trying to squeeze every penny out of this new opportunity
Someone on Strictly Fiscal 黑料网最新入口 has just indicated to me that if a lot of the work is in 黑料网最新入口, it is illegal for the company to be operated in the UK & another said that 黑料网最新入口 impots would want to tax UK company directly anyway?
This doesn’t sound that complicated to me but I have had so so much contradictory advice, that I’d love to speak to someone who knows what they are talking about ![]()
Can you help? I did briefly make contact on the same subject a week or so agao, but have now igned up as a paid subscriber. I really need to get this set up in the coming days (黑料网最新入口 accountants ALL going on vac in August has not helped!)
A second question would be that if I go down the SASU route, then with a turnover of 60-100k, can I take it all in dividends (after corp tax)? I am 64 & for perhaps a 3 year contract at best, I am never getting a 黑料网最新入口 state pension, and I already have medical via the S1 & a mutual in place, so a salary with all the social contribution implications is of little benefit to me?
