PPRuNe Forums - View Single Post - Self sponsored TR: Worth it at the moment?
Old 21st Aug 2009, 16:23
  #23 (permalink)  
jet.man123
 
Join Date: Jul 2009
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Stefair, Just be a little cautious with this tax issue, obviously to offset the costs against tax, you must be paying tax in that country to start with. Now if you are "contracting" they will probably pay you gross of tax and leave it up to you to sort out. As you are in Northern Ireland, you would come under the UK tax regime and they won't have any of this! infact, they will tax you on any money brought back into there tax domain. If you are for instance working as a contractor within the EU, those countries will need you to demonstrate via an SC60 or the like that you are paying tax somewhere, if you can't they will tax you at their rate.. These things are usually sorted out because you certainly won't be the first one to do this. just beware with places live Lithuania, the basic rate is 51% plus.. stopped at source...up to you to try and get it back!!!
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