Sterling V Euro

S

Sok

Guest
I've been offered a position and have the choice to be paid in Sterling or Euro. I live in the north and my wife does not currently work, we have 3 children. Would I be better off to take advantage of the southern tax system? Is it possible to continuing paying my stamp in NI rather than PRSI? Also as my wife does not work or never has within the southern tax system am I entitled to her tax credits?
 
Don't see how you would have a choice. You live in the North. It seems that your workplace is in the North. The currency in which you are paid is irrelevant.
 
Where is your employer resident? If in the UK your employer will have to operate UK PAYE, however, if you carry out more than 60 workdays in the Republic, your employer will also have to operate Irish PAYE. This is a complex situation and your employer will need to get tax advice on the correct operation of PAYE.

However, If your employer in resident in Ireland, they will operate Irish PAYE on your income, but if you are tax resident in the UK you will have to declare this income in the UK and get a foreign tax credit for any Irish tax paid by completing a tax return each year.

You can be paid either in euro or sterling, the currency doesn't matter, but beware currency fluctuations.
 
You must log in or register to reply here.
Back
Top