Hello there.
A former client has been in contact and they have been abroad for a number of years but still kept their UK bank account opened with minimal interest. Due to the pandemic and their locality, they are thinking of working remotely as a virtual assistant with receipts from the plaform(s) being using used linked to paypal.
They are thinking of using the UK bank account to which their paypal account is linked to access the payments rather than opening a new account in their home country which is quite complex matter added to this their existing bank does not support paypal (not sure why). Are there any UK tax implications in regards to this (using the UK account), I think not as if you are resident overseas, you don't have to pay tax on this.
Nice to hear some feedback.
Many thanks,
Jeri
Replies (4)
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Are there any UK tax implications in regards to this (using the UK account),
First thing might be to ask the UK bank. What address do they hold for the client? Is the account a personal account or business?
is it a ruse not to pay tax in country of residence , where is that anyway?
in theory banking restrictions permitting its OK