Receiving funds on behalf of client

I received a call today from a potential client who is based overseas and has won a very small contract in the UK.  They will carry out IT consultancy

Their UK customer has stipulated that they will only pay into an overseas bank account if they are able to produce evidence that their consultants are paying social security contributions which seems a strange request ?  Any idea why the UK customer would make such a request ?

The other alternative is to pay into a UK Bank Account.  My potential client does not want to set up a UK company. Therefore the only options would be my UK company to invoice their customer, collect the money and pay this back to my client after deducting a small fee or for the customer to pay into my company bank account and then I would transfer the money back to my client.   Is there any implications that I need to consider from these two options ?

Comments
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Take care

ShirleyM |
ShirleyM's picture

Not even worth a moment's

bernard michael |

The transaction is genuine as

sash100 |

Are you hungry enough to take such a risk?

ShirleyM |
ShirleyM's picture

Eh?

WhichTyler |

The transaction is genuine as

bernard michael |

I wouldn't ...

Old Greying Accountant |
Old Greying Accountant's picture

Double taxation

rayhelmke |

Maybe I'm old, cynical and read too much Private Eye!

Vaughan Blake |

Evidence of Social Security contributions

sash100 |

Just tax

rayhelmke |

Tax Head On

Vaughan Blake |

Rearrange the following words

Eric T |

Why is overseas social security evidence required

sash100 |

Apart from the sound advice given

David Gordon FCCA |

Does the Footsie company deal

bernard michael |

Leopards & spots

Jacko |