I am potentially going over to a dollar contract (if the deal is right) with the company I work for. I will have to get an accountant to sort my UK tax but was wondering if it is worth doing my own company type thing? I have no idea about issues like this [] the simple things like my mobile phone, I will have to ring Dubai regularly and other international locations? I understand there will be some things I can claim using an accountant. Any info would be welcome []
Most important part is where the contract is based, so under which country contract and employment law. This will be important if you have any tax, or other issues that might evolve during your employment. TSB international does a very good dollar account to make money movements easier
If everything else is the same then the currency of the contract is irrelevant. Are any other contract terms different? It could just be that the Company you work for reports in USD and wants you to take the exchange risk rather than them. If you're UK based, HMRC will prescribe a rate if you report in USD, or you'll have to convert it to GBP to spend it and sometimes you can get away with using your conversion rate achieved.
