Tax implications of being paid in Dubai

icydee · 12-07-2008, 11:23 AM

Hi
I have been approached about working for a company based in Dubai, being paid into a Dubai bank account but being resident (and working remotely) in the UK.

What are the tax implications of this?

As I understand it, any money I bring back into the UK from Dubai would have to be taxed as if it were local income (national insurance, tax etc.)

So to pay bills (such as my mortgage) I would have to transfer money to my UK bank account and keep track of it so as to declare it in my tax return as foreign income. There would be a record of the transaction in my UK bank account if ever the Inland Revenue came knocking.

But what about money that I take from my Dubai bank account using an ATM card? Who would ever know about that money?

Interested to know if anyone has an opinion on this.

12-07-2008, 11:23 AM	#1 (permalink)
icydee Junior Member Join Date: Jul 2008 Posts: 2	Tax implications of being paid in Dubai Hi I have been approached about working for a company based in Dubai, being paid into a Dubai bank account but being resident (and working remotely) in the UK. What are the tax implications of this? As I understand it, any money I bring back into the UK from Dubai would have to be taxed as if it were local income (national insurance, tax etc.) So to pay bills (such as my mortgage) I would have to transfer money to my UK bank account and keep track of it so as to declare it in my tax return as foreign income. There would be a record of the transaction in my UK bank account if ever the Inland Revenue came knocking. But what about money that I take from my Dubai bank account using an ATM card? Who would ever know about that money? Interested to know if anyone has an opinion on this.