I'm taking the plunge into freelance consulting and despite reading up on the topic for months now, am still somewhat confused as to the tax situation. It may well my problems/solutions are really obvious, but I had to never concern myself with tax details due to a life of company employment.
I'm a EU citizen with long roots in the UK, and would like to form my company there: easy to start up, all in English, lots of clients, internationally recognized and easy to deal with. Unfortunately, I would like to live somewhere warmer and cheaper than London and have decided on Portugal, which also might give me a favourable NHR tax rate.
I am now somewhat confused as to how I will pay tax. I will have business coming in from all over the world, funneled through the UK company.
How do I best pay myself, and do I need to file in both UK and Portugal?
Will I have to pay corporation tax in the Uk and then income tax in my country of residence?
Sorry if these are dumb questions, but I can't seem to find clear answers on this at HMRC (I did call) or on the web.
Thanks for any advice,