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pension contribution and foreign earnings
What happens if I add enough money into my SIPP pension to get tax relief and end up with no tax due, but I have already paid tax abroad? I am a freelance designer based in the UK and work for a company based in India so I get 15% taken off at source which I then use as tax relief credit on my self assessment. I would end up with money owed to me so would I be able to get that tax back or not as the payment was made to India? or is the only solution to pay only an amount to the SIPP which means my tax due minus the foreign tax already paid leaves me at cero rather than owed money? -
VAT registration threshold freelance designer based in uk for Indian company
Hello, I am a freelance designer providing trend research to a company based in India. I do not work for any other clients outside of India. Looks like I am going to go over the VAT registration threshold for the 24/25 tax year but my understanding is that this would be outside of the scope. Could you please confirm? I also have a secondary form of income and sell textiles in the UK to private customers however those sales a minimal. Am I correct in thinking that my main income from the freelance design work supplied to the Indian company would not count towards my turnover and as my other UK sales are hardly anything I don't need to register? Thank you