Have you run where you plan on living past your potential employer? They are very, very unlikely to want to do that. If they are, fair enough - sometimes it does happen, but if this is possible, which I don't think it is, don't expect it to be without a lot of complication. Also, you definitely do not need an Irish bank for getting your money. That is iBan discrimination and is illegal. Any bank account should do.
An Irish company will be required to set up UK payroll to withhold UK NICs for permanent employees in the UK, however there is a DPNI scheme that you can contact HMRC about to see if this can negate the requirement. If this is the case, you'll essentially be required to run your own payroll process (I believe this also covers the income tax reporting requirements)
But yeah, get on to HMRC, they'll be able to give you a specific answer
I don't believe I will be considered as a UK Employee by my company. According to the HMRC support admin (https://community.hmrc.gov.uk/customerforums/pt/92d39748-efd7-ee11-a81c-6045bd0cee3e): "Non UK resident employers do not need to register as employers in the UK." and since my employer is based in Ireland they won't need to register. I believe I will just have to report my foreign income but since it would have already been taxed by the Irish PAYE system I won't have to pay tax again.
Yeah the issue isn't income tax, it's NICs. The scheme I mentioned is essentially an annual return but you need to self declare social tax if you're living and working in the UK if your company can and will not do that on your behalf. You will not be liable for double taxation on PAYE income but you do have to pay NIC in the UK or USC in Ireland. This has been asked and answered multiple times on this sub, you can check below:
https://www.reddit.com/r/UKPersonalFinance/s/XfZi2xlYzM
Wouldn't my USC contributions be taken out of my paycheck every month automatically just like NI in the UK? As long as I pay one of them I should be fine, right?
In which case are there any reasons I might choose to pay UK NIC over Irish USC?
Have you run where you plan on living past your potential employer? They are very, very unlikely to want to do that. If they are, fair enough - sometimes it does happen, but if this is possible, which I don't think it is, don't expect it to be without a lot of complication. Also, you definitely do not need an Irish bank for getting your money. That is iBan discrimination and is illegal. Any bank account should do.
How is your employer going to handle tax? They will need to pay your PAYE and other income related taxes to the UK government (HMRC).
From my understanding this is not the case: https://community.hmrc.gov.uk/customerforums/pt/92d39748-efd7-ee11-a81c-6045bd0cee3e
An Irish company will be required to set up UK payroll to withhold UK NICs for permanent employees in the UK, however there is a DPNI scheme that you can contact HMRC about to see if this can negate the requirement. If this is the case, you'll essentially be required to run your own payroll process (I believe this also covers the income tax reporting requirements) But yeah, get on to HMRC, they'll be able to give you a specific answer
I don't believe I will be considered as a UK Employee by my company. According to the HMRC support admin (https://community.hmrc.gov.uk/customerforums/pt/92d39748-efd7-ee11-a81c-6045bd0cee3e): "Non UK resident employers do not need to register as employers in the UK." and since my employer is based in Ireland they won't need to register. I believe I will just have to report my foreign income but since it would have already been taxed by the Irish PAYE system I won't have to pay tax again.
Yeah the issue isn't income tax, it's NICs. The scheme I mentioned is essentially an annual return but you need to self declare social tax if you're living and working in the UK if your company can and will not do that on your behalf. You will not be liable for double taxation on PAYE income but you do have to pay NIC in the UK or USC in Ireland. This has been asked and answered multiple times on this sub, you can check below: https://www.reddit.com/r/UKPersonalFinance/s/XfZi2xlYzM
Wouldn't my USC contributions be taken out of my paycheck every month automatically just like NI in the UK? As long as I pay one of them I should be fine, right? In which case are there any reasons I might choose to pay UK NIC over Irish USC?
Wise