Tradução - arte & negócio » Business issues »
bank accounts and taxation
Tópico cartaz: Anna Moorby DipTrans
Anna Moorby DipTrans
Anna Moorby DipTrans  Identity Verified
Reino Unido
Local time: 18:06
espanhol para inglês
+ ...
Nov 11, 2002

I am a UK native and as such have a UK sterling bank account. However, I have lived in Spain and intend to emigrate there permanently next year. I have a Euro Bank account in Spain.

Does anyone know how I will deal with tax? I know it\'s a bit of a technical question, but if I\'m being paid in sterling into my UK bank account and Euros into my Spanish account. Do I pay tax in Spain/UK or (God forbid) both!

Thanks
 
Parrot
Parrot  Identity Verified
Espanha
Local time: 19:06
espanhol para inglês
+ ...
No one may be subjected to double-taxation Nov 11, 2002

Where you pay your tax depends on where you are considered a resident. If you get an EU residence card from Spain, you are considered a Spanish resident. For the meantime, there are as yet no controls on the amounts you are paid in the UK in sterling without an invoice creditable to a Spanish tax account number. However, tax laws are converging more and more every year; it would be good to get periodic updates from the Delegación de Hacienda where you finally decide to live.


... See more
Where you pay your tax depends on where you are considered a resident. If you get an EU residence card from Spain, you are considered a Spanish resident. For the meantime, there are as yet no controls on the amounts you are paid in the UK in sterling without an invoice creditable to a Spanish tax account number. However, tax laws are converging more and more every year; it would be good to get periodic updates from the Delegación de Hacienda where you finally decide to live.



 ▲ Collapse
 
Gillian Searl
Gillian Searl  Identity Verified
Reino Unido
Local time: 18:06
alemão para inglês
I have a similar situation Nov 11, 2002

in that I get paid into my German and UK accounts. You are only subject to tax in the country where you are resident. I am resident in the UK (for more than 6 months a year) so I pay British tax. While you are living in the UK you are subject to UK tax. When you emigrate you will be subject to Spanish tax. There may be a small overlap if the tax years are different but if so you re-claim your UK tax if you paid too much. You may need to take advice from two accountants - a UK one and a Spanish o... See more
in that I get paid into my German and UK accounts. You are only subject to tax in the country where you are resident. I am resident in the UK (for more than 6 months a year) so I pay British tax. While you are living in the UK you are subject to UK tax. When you emigrate you will be subject to Spanish tax. There may be a small overlap if the tax years are different but if so you re-claim your UK tax if you paid too much. You may need to take advice from two accountants - a UK one and a Spanish one after you move but in general it makes more sense to change over to paying tax in your new country of residence as quickly as possible. Hope that helps. ▲ Collapse
 
LJC (X)
LJC (X)
França
Local time: 19:06
francês para inglês
+ ...
This is what I do Nov 14, 2002

I\'m registered in France but I still have an English bank account. If I have a client who wants to pay in sterling, I make out the invoice in euros as usual, and then add the total in sterling. The sterling cheque then gets deposited into my UK bank account but the invoice is declared on my French accounts.
 
Anna Moorby DipTrans
Anna Moorby DipTrans  Identity Verified
Reino Unido
Local time: 18:06
espanhol para inglês
+ ...
CRIADOR(A) DO TÓPICO
Thanks! Nov 15, 2002

Thanks guys for the info. That clarifies it a little more!
 


To report site rules violations or get help, contact a site moderator:

Moderador(es) deste fórum
Margarita[Call to this topic]
Jorge Rodrigues[Call to this topic]
James Heppe-Smith[Call to this topic]

You can also contact site staff by submitting a support request »

bank accounts and taxation







CafeTran Espresso
You've never met a CAT tool this clever!

Translate faster & easier, using a sophisticated CAT tool built by a translator / developer. Accept jobs from clients who use Trados, MemoQ, Wordfast & major CAT tools. Download and start using CafeTran Espresso -- for free

Buy now! »
TM-Town
Manage your TMs and Terms ... and boost your translation business

Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.

More info »