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Search: Posts Made By: Pulaski
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Forum: Italy
Dec 10th 2017, 4:20 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

You own a British corporation, which is every bit as much an investment as a holding of shares in British Telecom.

I suspect that you will at least have to pay Italian capital tax on the balance...
Forum: Italy
Dec 10th 2017, 4:05 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

"Property", not "properties".

I don't know all the things that might be subject to Italian capital tax, but the sorts of "property" which might be subject to the annual Italian tax on their...
Forum: Italy
Dec 10th 2017, 12:04 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

It is a capital tax on the value of assets owned, and the UK has no comparable tax, which is why Rzm misunderstood.
Forum: Italy
Dec 10th 2017, 11:39 am
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

I fear you are still confusing your corporation with "you". The two are separate legal persons, taxed differently - the company is a British registered company, registered in the UK, resident in the...
Forum: Italy
Dec 9th 2017, 7:36 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

And to be clear, there is no reason under UK law, that the net profit for the company cannot be greater than the salary plus related payroll costs (employer's NICs).

For example, the company...
Forum: Italy
Dec 9th 2017, 2:53 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

Class 2 is peanuts - around £143-£144/yr at the moment.

They are thought to be going away, but they haven't yet, and Class 3 appears to be the default alternative, at about £715/yr.
Forum: Italy
Dec 9th 2017, 2:15 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

But if she is working while in the UK she must pay tax in the UK. It is possible that she could "get away with" working in the UK for a few weeks each year, but if her business and much of her work...
Forum: Italy
Dec 8th 2017, 6:07 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

Well hopefully someone living in Italy will be along to advise, but personally, under the circumstances you describe, if you are spending close to 50% of your time in the UK anyway, I would bump that...
Forum: Italy
Dec 8th 2017, 5:52 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

Like I said, this is complex. If you are doing 100% of the work in the UK, then you must pay UK income and payroll taxes (NI - employee's and employer's) on all your earned income.

I am not...
Forum: Italy
Dec 8th 2017, 5:16 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

Generally speaking you need to pay income tax where you are physically located when you are performing the work. The complication in your case is that you are effectively self employed, working for...
Forum: Italy
Dec 8th 2017, 3:46 pm
Replies: 47
Views: 8,425
Posted By Pulaski

Re: Tax Advice - working for a UK Ltd company and in Italy

Where will you be tax resident? ..... Which roughly equates to where will you be spending most of your time? Majority in the UK, or majority in Italy?
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