Payment from Chinese Company

[awright china?]

I am about to agree a contract with a Chinese Company. I live in the UK and will continue to do so. I will travel sometimes to China.

Is it better for me to be paid in RMB or US Dollar and exchanged to British Pound via bank transfer?

Which will convert better (more money) to British Pound?

What is the most tax-efficient way to be paid?

All advice welcome.

Thanks.

[gougou]

Which will convert better (more money) to British Pound?

Obviously that depends on what salary you agree on in the respective currencies. Run them through an exchange rate calculator such as xe.com to find out.

[fanglu]

What is the most tax-efficient way to be paid?

The currency you get paid in makes no difference to how much tax you pay.

An answer about how to structure your income so as to minimise tax is, I suspect, beyond the ability of anyone on this forum as it is, given the international aspect, potentially very complex. If you are getting paid any decent amount I would suggest finding an accountancy or law firm that deals with UK-Chinese business. If its not that much, I suspect you can just declare it as normal income and have your tax liability reduced by the amount of Chinese tax paid - check out the HMRC website.