IT Contracting in the USA?

[AngryApples]

Anyone know what it's like to contract out in the U.S.A?

What are the tax implications?

Are there any major differences between the way I.T agencies work out there? (as in, is the commsiion system the same?)

Quite fancy the idea of spending a year or so in Florida working

[Eric Mc]

You could only escape the clutches of the UK taxman if you spent an entire UK tax year (6th April to following 5 April) in the US.

[siscar]

Getting a visa is your main challenge. I'm no expert but from what little I know you won't qualify for one unless you have the contract first, then they will need to show it can't be done by an American etc. etc. And I think that then only qualifies you to enter for a class of visa that is so over subscribed that you have virtually no chance of getting one.

But someone else may know more...

Edited by siscar on Tuesday 5th May 13:50

[Timmy2TARs]

Eric Mc said:

You could only escape the clutches of the UK taxman if you spent an entire UK tax year (6th April to following 5 April) in the US.

Does this apply specifically to income generated away from the UK, or should one be resident abroad too?

For example if one were to reside in the UK but commute for the purpose of work and not earn any income from the UK, is that sufficient?

[Eric Mc]

Timmy2TARs said:

Eric Mc said:

You could only escape the clutches of the UK taxman if you spent an entire UK tax year (6th April to following 5 April) in the US.

Does this apply specifically to income generated away from the UK, or should one be resident abroad too?

For example if one were to reside in the UK but commute for the purpose of work and not earn any income from the UK, is that sufficient?

If you are a UK tax resident in any given tax year, you are subject to UK tax on your WORLDWIDE income. If you suffer US tax on the income earned in the US, the UK tax authorities will allow you credit for the US tax already paid.

I am also asuming that you are UK domiciled.

[Timmy2TARs]

Eric Mc said:

Timmy2TARs said:

Eric Mc said:

You could only escape the clutches of the UK taxman if you spent an entire UK tax year (6th April to following 5 April) in the US.

Does this apply specifically to income generated away from the UK, or should one be resident abroad too?

For example if one were to reside in the UK but commute for the purpose of work and not earn any income from the UK, is that sufficient?

If you are a UK tax resident in any given tax year, you are subject to UK tax on your WORLDWIDE income. If you suffer US tax on the income earned in the US, the UK tax authorities will allow you credit for the US tax already paid.

I am also asuming that you are UK domiciled.

Thanks for the clarification Eric - that was my understanding.