United Kingdom

I currently work in Malaysia, and am considering whether to take part of my salary paid into an offshore account. I understand that the element of my salary which will be paid offshore will not be subject to Malaysian tax.
However when/if I return to the UK, if I want to move the money to the UK (which I would have to in order to spend it) will I have to pay UK tax on the money? Is there a legal way round this?
As I believe local tax on income is less than UK tax, I can not see the benefit on having any of my salary paid into an offshore acount. (Surely it makes more sense to pay (lower) local tax on my income, then I can move it into the UK with no UK tax implications)
Most expat financial advisors appear to be gearred towards setting up offshore accounts and presumealby they are handsomely rewarded for doing so. Therefore I am looking for some neutral advice on this matter. At this stage I do not know how long I will remain outside of the UK, however another 2 years is very likl

2006-10-17 17:18:42 · 4 answers · asked by Anonymous

Hi, I'm in the UK and have a trading account with an online brokerage to trade in the US. I did a trade and the brokerage automatically deduced 30% of the value and passed it on to the IRS in the USA. I should'nt be taxed as I am not a US resident or citizen. I clarified this with the brokerage and passed on to them a W8 BEN form to register my status. They told me if I wanted to claim back the amount, they could'nt do it, and that I would have to claim it from the IRS instead. How do I claim from the IRS? Can someone tell me how to go about doing this? Any help will be deeply appreciated !!!

2006-10-17 12:36:02 · 4 answers · asked by jackcal 1

my mother still wants to live in the house for several years

2006-10-17 06:47:35 · 5 answers · asked by Anonymous

2006-10-16 07:32:58 · 9 answers · asked by Big Sis 2

2006-10-15 01:19:42 · 12 answers · asked by Anonymous

would i get taxed more if i get paid fortnightly?

2006-10-14 09:35:51 · 10 answers · asked by hellraiza15 3

Income tax,VAT,TV licence ,council tax,fuel tax and so it goes on
Money from income ,my point is after all that tax what percentage is left that actually buys goods and service ?

2006-10-13 00:26:42 · 5 answers · asked by bob 2

2006-10-12 14:12:20 · 2 answers · asked by Beach bum 1

2006-10-11 00:24:42 · 2 answers · asked by fox_barrie 1

2006-10-09 20:22:39 · 7 answers · asked by Anonymous

where do we start ?? we have the money for the van the tools ,we have paid 600 pound on courses,and feel we are ready .how do we register ,what do we tell tax people ,does the tax man allow time for us to start earning ???? what can we claim back??? etc any help would be grateful

2006-10-09 01:44:43 · 6 answers · asked by shoopy213@yahoo.co.uk 2

NOT

2006-10-08 06:52:37 · 9 answers · asked by Alexander John D 1

2006-10-06 09:13:10 · 7 answers · asked by Anonymous

I've got the figures but don't know if I'm meant to write the pence on top of the 00s. Would anyone know? I'm based in UK.

2006-10-06 06:00:54 · 9 answers · asked by Pea 2

i have a chance of a good job £300 per week ( unemployed at the moment )( what does that equate to after tax ? i am worried what the child support agency will take off it . i don`t pay any rent / bill`s etc . but i do have my child ( who is 14 now ) every weekend and all the school holiday`s . and i take him on a 2 week holiday every year to spain . but his mum is very akward and still has bad feelings towards me ( even though it was her who had an affair ) she will not inform the c.s.a of the times i have my son . i have told them but they have contacted her to ask if it is true and she has replied to them that i do not have him . she works so she knows that she will get any money paid to the c.s.a by me . how much would the c.s.a take from my wages after tax ?

2006-10-05 12:01:54 · 18 answers · asked by Anonymous

I plan on shipping goods to the UK from China as I have a friend over there who can sort things from that end. But how do I find out what charges I will face, once the goods arrive in the UK? Thank u!

2006-10-05 07:32:28 · 8 answers · asked by Anonymous

the best ans so their points go up>? gotta do the same for me thou

2006-10-05 06:02:52 · 1 answers · asked by Anonymous

2006-10-02 10:18:30 · 8 answers · asked by Hanelie T 1

I have a large garden and am confident I can obtain planning permission for a bungalow to be built in my garden. If I decide to sell the plot (without building the new home) am I liable to pay Capital Gains Tax?

2006-10-02 06:19:47 · 5 answers · asked by nicksname 2

2006-10-01 22:17:47 · 2 answers · asked by blondi 1

If you are a Sole Trader or Private Limited Comapny how do you know what taxes to pay and how?

2006-10-01 02:08:43 · 2 answers · asked by GreetingCardsMachine J 1

2006-09-30 10:08:27 · 12 answers · asked by Resolution 3

Can't believe this - I'm trying to submit my tax return. When I went to the Govt Gateway log-in page my PC apparently "remembered" my password. But I've lost it, When I get to the final page to submit the return it asks for the ID & password again, and this time my computer doesn't "remember" the password. Can I find my own passowrd in my cookies - if so how - I cannot see a file that seems to resemble the web address.

2006-09-30 09:39:00 · 2 answers · asked by Anonymous

I heard it's something to do with double tax relief and unilateral tax relief ? Any relief ceilings ? More details to come.

2006-09-30 06:11:34 · 2 answers · asked by mmmporg 2

2006-09-30 02:16:12 · 7 answers · asked by Anonymous

I have 2 x Consecutive £5 bank of england notes, I have seen these go for a lot of money, Why are these worth a lot? are they rare, what kind of price should I expect? I look forward to any reply, Thankyou in advance.

2006-09-29 06:33:09 · 5 answers · asked by pav t 1

I normally only take home under £300 a month and this overtime is a one off and I've paid £78 in NI contributions!

2006-09-29 06:26:30 · 10 answers · asked by Anonymous

i have a stable job and thinking of getting a second job i am aware that it depends on your yearly total income,
which defines what tax bracket your placed into
so if you have number a chart of some sort
that will be perfect

2006-09-29 06:13:50 · 4 answers · asked by thomas t 1

i think i have been super taxed on my wage! dose anyone know what the % is for the super tax and the normal tax.
thanks jenny

2006-09-28 20:45:21 · 5 answers · asked by marie 2

what types of investments give you the tax benifit apart from tax free interest on ISA? For the higher rate tax payer, i presume it will be 2.5 times the amount one wants to avoid paying tax of. Please suggest such options and if anything that can be applied retrospectively say for financial year 05-06.

2006-09-28 19:37:59 · 6 answers · asked by Anonymous