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Residence and Domicile Review Service
For contractors leaving the UK
If you are planning to leave the UK to live and work overseas, there are certain tasks that need to be completed in order to ensure your financial affairs are taken care of correctly. Failure to do so, could result in you paying more tax than is necessary, or finding yourself facing HMRC penalties.
Taxation matters are difficult at the best of times, but they don’t need to be.
For just £220 + VAT our Residence & Domicile review service has been designed for contractors who are leaving the UK to live and work abroad. It provides guidance and advice to ensure your financial affairs are dealt with in the most tax efficient way.
Our service includes:
An eligibility review for split tax year, for the year of departure. If successful you won’t need to pay UK tax, of up to 40%, on your overseas income.
Advising HMRC of impending departure by completing all the necessary forms, saving you time and hassle.
A review of and advice regarding any Non Residential Landlord obligations you may have, if you are keeping a property in the UK and letting it out. If this isn’t dealt with properly you could find yourself having tax of up to 20% automatically deducted from your rental income.
Applying for UK tax residence certificates for either you or your company to prove you and/or your company have been registered with and paying tax to the UK tax authorities.
Advice on the taxation of any UK income you may still be receiving after you’ve left.
Obtaining an A1 Form (if required) which will ensure that if you want to continue to pay UK National Insurance Contributions whilst working in the EU you won’t need to pay Social Security contributions in your host country.
Full UK Statutory Residence Test
For an extra £350 + VAT we can carry out a full UK Statutory Residence Test.
This is recommended for individuals whose work frequently takes them out of the UK but who also retain financial ties with income and assets here. Getting your UK tax residence right can lead to significant personal tax savings and avoid the risk of tax penalties.
Overseas Tax Report
For an extra £200 + VAT we can carry out an Overseas Tax Report.
This will give you an indication of the tax rules in the country you’re leaving for. Countries have differing tax rules and rates and our report will help you decide how best to arrange your financial affairs before you leave the UK.
Alternatively, if you would like to speak to one of our experts on how our Residence and Domicile Review Service Departure Package could help you, call us on 0161 923 0201 (Option 3).