Income tax

warrman wrote:

Hi
My family and i are moving to Malta this summer,  does anyone have a decent knowledge of income tax rules.  I will be working  remotely in malta but will still be paid in the UK. We want to just transfer money out each month for living expenses but I'm confused on the tax requirements. I think i am still liable for income tax in the UK but it seems if you remit money to malta they expect you to pay tax on it.

Confused?!?

Anyone?

Thanks

"....does anyone have a decent knowledge of income tax rules"
Yes, they are normally called accountants, tax specialists, tax advisers, or international business advisers etc.

But as a rough guide:
If you become resident here, you can set up a limited company here. Your company can then accept work in the UK (you do the work as an employee of your company) and be paid for the services rendered. Since the company is registered here, it will be taxed here. There are potentially significant advantages setting up here, depending on income level.
No VAT is payable when trading cross border within EU but, you account for it. This is EU wide not specific to Malta or the UK.
You can continue to pay NIC in the UK, there are pros and cons either way.

"Confused?!?"
No, I couldn't stop yawning throughout reading your post!

Nothing you're considering and talking about is groundbreaking or unchartered waters: just some of us crossed the Chiltern hills a few decades earlier and have got used to working that way.

am no expert..  but if you work remotely in malta you are subject to maltese taxation, even if the payments are made to uk...... i would suggest you read about the double taxation treaty between malta and UK and talk to someone like John Huber who has a good reputation on tax matters

Something else to consider is that if you have to make regular trips back to the uk for work then HMRC may still deem you resident for taxation purposes.

Definitely take professional advice to make sure you minimise exposure.