Working overseas, casual basis, paid in Euro's

azzap

Working freelance on a casual basis overseas in the near future and will be paid in Euros. Any ideas on what's the best bank account to have for receiving Euros? Also, how would I pay tax/NI as technically I'll be self employed which is a new area to me. I expect to earn about €25k however my expenses will be about €15k if not more (working more for the experience)

azzap

Have I possibly posted this in the wrong forum? If so apologies :embarasse

agrinnall

It would probably be better to ask your bank account question on the Banking board and the tax/NI question on the Cutting Tax board.

Will you be working in one country? If so then your best option for an account will be to open one in that country, if not you might want to research whether there is a bank that operates in all or most of the countries that you will work in.

As for tax, it's not something I have any expertise in but my view is that you would be required to pay tax in the country that the money is earned, which if you're moving around could lead to quite a complicated set of tax returns.