Dublin is one of the most significant financial hubs in Europe, with a strong economy, favourable corporate tax rate and, post-Brexit, it has become an increasingly attractive access point for UK firms looking to trade with the EU.
Thompson's case serves as a stark warning for freelancers and businesses alike. With HMRC ramping up its focus on IR35 enforcement, thorough contract reviews and clear working practices are essential to mitigating tax risks.
'Preparation is key when navigating the complexities of tax obligations associated with international estate planning and foreign investments.'