Some of the most frequently asked questions we get from UK contractors who are interested in taking up a contract in Ireland and invoicing through their UK Limited Company are:
“What taxes do I pay if contracting in Ireland with a UK Limited Company?”
“When am I required to start paying Irish tax?”
Most people have an awareness of the 183 day rule, but this rule is also commonly misunderstood and leads contractors to incorrectly assume that if they are in Ireland for less than 183 days, they don’t have to think about the Irish tax system or pay Irish taxes.
Here’s our overview guide of how Irish taxes are applied for different contract lengths.
The Opportunity With a skills shortage in some sectors and roles in Ireland, and with Brexit causing significant uncertainties and currency exchange issues in the UK, a great win-win opportunity has emerged for Irish recruiters, Irish businesses and UK contractors. Many UK contractors are interested in exploring their options outside of the UK and their…Read More
As Brexit negotiations rumble on, the UK is currently facing an unprecedented amount of economic uncertainty. However, with the Irish economy experiencing strong growth, booming daily exchange rates and a continuously improving job market across multiple sectors, some UK contractors are being tempted to explore the possibility of contracting over in Ireland. In today’s world,…Read More
Here’s another great benefit of contracting! Under Revenue’s rules, all contractors can claim a €500 tax free non-cash bonus each year.
In order to facilitate this, Fenero has partnered with One4All, so that all Fenero Contractors can easily avail of Revenue’s Small Benefit Exemption Scheme.
So, you’ve decided to venture into the world of professional contracting! You are not alone. Professional contracting continues to grow rapidly worldwide, with people entering this avenue of the gig economy from virtually every industry and experience level. In Ireland, IT, engineering and pharmaceutical roles continue to be strong from a contracting perspective however we…Read More
Are you moving to Ireland or within Ireland to take up a contract role? Did you know that you may be entitled to tax relief on some of the costs associated with your relocation?
Here’s my Top Tips on using tax relief to reduce some of the costs for contractors when relocating!
So, you may have heard lots about PAYE Modernisation but what does it mean for you as a contractor? The good news is not much is really going to change. In essence, PAYE Modernisation is just real time reporting of payroll information to Revenue. With the current system, payroll information is submitted to Revenue at…Read More
As a global trend, the world of contracting is appealing to an increasing number of professional service providers. 2018 has seen additional factors which are encouraging even more people to try contracting in Ireland. The fear of the unknown as a result of ongoing Brexit negotiations is tempting more and more UK contractors to give…Read More
How will individuals be affected by changes in Budget 2019? In what has been billed as an “election” and “spending” budget, the announcements on Budget Day contained few surprises after being heavily leaked to the public in advance. The reality is this Budget, for the most part, is a “steady as she goes” set of…Read More
As a professional service contractor (someone who provides services on an independent basis to businesses), the process of getting your taxes and payments in order can be stressful, confusing and time-consuming. At Fenero, we offer a range of Private Limited Company or Umbrella Company solutions specially designed for contractors to maximise tax efficiency and net take…Read More