No I don't understand it which is why I am asking for someone to explain it to me. maybe I am just stupid but this seems like the most complicated arrangement I have ever heard, paid half in euros half in pounds, taxes paid to the inland revenue in a forgiven currency, employed by one company and rented to another! I just fail to see how anything so confused and converluted can be to the benefit of the employee. Anyway if your not willing to explain then I won't loose too much sleep over it, providing you happy with what the deal is then crack on.