Hi All,
I'm currently living in Derry, and have received a new job contracting to a company in southern Ireland
The main head office is located in Dublin, with some sub-locations dotted around the country.
I have agreed a weekly set-price (£500) for the tasks involved, plus mileage / expenses incurred to travel to thee other locations
My questions are,
1. Do I need to register for VAT in north or south?
2. How does the expenses thing work, do I need to keep all invoices / receipts / hotel check-in's etc for my accountant or can I simply bill them as a disbursement, and have my set-price as my main income?
I guess i'm worried that as a contractor to this company, I'll be responsible for
lots of taxes etc on my income earned as expenses, that I wont really be earning (i'll simply be covering my costs / expenses incurred)
Thoughts?
I'm currently living in Derry, and have received a new job contracting to a company in southern Ireland
The main head office is located in Dublin, with some sub-locations dotted around the country.
I have agreed a weekly set-price (£500) for the tasks involved, plus mileage / expenses incurred to travel to thee other locations
My questions are,
1. Do I need to register for VAT in north or south?
2. How does the expenses thing work, do I need to keep all invoices / receipts / hotel check-in's etc for my accountant or can I simply bill them as a disbursement, and have my set-price as my main income?
I guess i'm worried that as a contractor to this company, I'll be responsible for
lots of taxes etc on my income earned as expenses, that I wont really be earning (i'll simply be covering my costs / expenses incurred)
Thoughts?