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info@commonwealthcontractors.comThis guide is directed at individual skilled professionals who would like to work in the UK on a sponsored Tier 2 visa work permit . [/wptabcontent][/wpspoiler][wpspoiler name=”If you are an Employer”][wptabcontent] Click here for our employer’s guide to Tier 2 visas Information for Employers Tier 2 Employer Overview Tier 2 Sponsorship Licenses SOC Codes Shortage […]
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How to extend your visa and get Permanent Residence If you have a Highly Skilled Tier 1 (General) visa – well done. You got in before the programme was closed to new entrants. If you want to establish a UK base for the long term, it is essential that you ensure that you qualify to […]
This guide is directed at individuals. [wpspoiler name=”If you are an employer, Click here for our employer’s guide to Tier 2 visas”] [wptabcontent hide=”true”] If you are an employer Click here for our employer’s guide to Tier 2 visas Information for Employers Tier 2 Employer Overview Tier 2 Sponsorship Licenses SOC Codes Shortage Occupations Resident […]
Are you already in the UK, working on a Tier 1 post study work visa, and looking to establish a long term visa and career in the UK? We may be able to help. If you can work for your prospective sponsor for 6 months before your visa expires, your extension/sponsorship does not need to […]
The UK can be a great base from which to work on projects for clients across the EU especially financial services, engineering and IT jobs in Europe. If you have a UK work visa, EU laws relating to provision of services can allow your employer to send you to work at client sites on the continent […]
If you run a Contractor Limited Company it is a good idea to know about Capital Gains Tax and Entrepreneurs Relief. Are you a highly skilled expat Contractor? Would you like to maximise your contract income and work towards a visa extension or visa transfer? If so Commonwealth Contractors can help! To discuss your situation […]
Life would be far simpler if dividend Income was subject to tax at the same rate as earned income, and you got a personal tax credit for the corporation tax paid by the company before it declared your dividend. Unfortunately, this is not how it works. Instead dividends are taxed at a lower rate than […]
If a Company in which you own shares makes a profit, it will generally be subject to corporation tax on its profit. After allowing for tax, any profit remaining may be distributed to the shareholders in the form of a Dividend. UK taxpayers are liable to personal income tax on dividend income if that dividend […]
In the UK, the taxation of savings interest income is relatively straightforward. The key points are:
National Insurance Contributions (NICs) are payable on employment income (further to Class 1) and self employment income (further to Class 2 and Class 4). Contributions are paid in order to gain entitlements to ‘State Benefits’, including the State Pension and the National Health Service (NHS).