4 ms·
The UK has a progressive income tax system (iirc up to 10k is tax-free, then 20% from 10-50k, then 40% from 50-150k and 45% for everything beyond that). This me
by stepbeek 5y ago
The UK has a progressive income tax system (iirc up to 10k is tax-free, then 20% from 10-50k, then 40% from 50-150k and 45% for everything beyond that). This means that spreading tax liability between capital gains and income tax leads to a lower total tax bill.
You also get to write off business expenses and reclaim VAT (sales tax) as a business, which a normal consumer cannot do.
Your point about remuneration is spot on. But remote work for US clients is possible and I’ve found that they’re happy to pay close to US rates for UK remote.