Income tax while self employed in Europe

likeadoctor

Hi there!

So I have been offered a job (contract work so technically self employed and self-assessed) working for a company based in England. I'll be out of Ireland for 183+ days out of the tax year and I'll also be travelling continuously throughout Europe the entire time.

Can anyone advise me on the correct procedure in relation to income tax? I'll be non-resident here and I'll be moving around so much I'm not sure you could say I'm resident anywhere really. I can't seem to find anything online for this type of situation so I'm not sure what to do unless I actually speak to an accountant.

Thanking you in advance for any input or advice

gerrybbadd

likeadoctor wrote: »

Hi there!

So I have been offered a job (contract work so technically self employed and self-assessed) working for a company based in England. I'll be out of Ireland for 183+ days out of the tax year and I'll also be travelling continuously throughout Europe the entire time.

Can anyone advise me on the correct procedure in relation to income tax? I'll be non-resident here and I'll be moving around so much I'm not sure you could say I'm resident anywhere really. I can't seem to find anything online for this type of situation so I'm not sure what to do unless I actually speak to an accountant.

Thanking you in advance for any input or advice

It may be a question of ordinary residence and domicile. Will you be remitting the money back to Ireland? Your accountant should be able to advise you.

Bubbaclaus

Need to be looking at the 280 day rule for residence also and not just the 183.

likeadoctor

Thanks guys. Yeah I'll be paid into my Irish bank acc. and I have been ordinarily resident the past 10+ years.

BrokenArrows

Surely if someone is never considered tax resident anywhere then they are not liable for any tax?

Bubbaclaus

BrokenArrows wrote: »

Surely if someone is never considered tax resident anywhere then they are not liable for any tax?

That would be very much incorrect. Typically, at the very least, income will always be taxable in the country where the income is sourced.

OP, each country you work in will have their own tax rules and different treatments on this. I would highly recommend professional assistance with this.

likeadoctor

@BrokenArrows When something sounds too good to be true...

Thanks for the responses everyone, I'll have to pony up and get some professional advice to be safe!

Heisenburg81

likeadoctor wrote: »

@BrokenArrows When something sounds too good to be true...

Thanks for the responses everyone, I'll have to pony up and get some professional advice to be safe!

If your going to be still domiciled in this state, once you break residency, Irish Revenue can only tax you on Irish source income like rent. You would then have to file a non resident tax return. Quite common for "accidental landlords" renting their celtic tiger houses while now in sunnier pastures. Also taxed on gains in relation to specified irish assets (land and buildings and certain shares). You can remit as much foreign income as your heart desires. Seek local tax advice in foreign jurisdictions.

dozy doctor

likeadoctor wrote: »

@BrokenArrows When something sounds too good to be true...

Thanks for the responses everyone, I'll have to pony up and get some professional advice to be safe!

So how did you get on with this? Very interested to find out...

likeadoctor

Ended up taking another job here! I'm still very curious myself as to how it would work tbh- sorry I'm not more help!

dozy doctor

likeadoctor wrote: »

Ended up taking another job here! I'm still very curious myself as to how it would work tbh- sorry I'm not more help!

no worries... I spoke with a chap from who informed me about the 183 day rule.. Which really only applies to the UK... The same rule for Ireland would be to work in excess of 225 days a year abroad in order to qualify for tax exemption.

but i do still need to understand fully the best way to setup regarding being self employed or setting up a ltd company.