Working for a foreign company

[redm1ke]

I have just started working for a foreign company (chinese) and i am responsible for my own tax and nic etc.

What would be the most tax beneficial way for me to handle this?

Cheers

[buildersmate]

Not that simple, Mike.
Where are you based?
Where is your employer based (UK-arm of Chinese company)?
Where is your pay going (into which country)?
Depending on thre answers, you are very likely to be an employee of the company and not self-employed. Maybe that wasn't your question?
You don't have a choice about your employment status - HMRC will decide on it for you. Suggest you may need to talk to them about your situation.
Do you appreciate the difference between a 'contract of service' and a 'contract for services'. The first means you are employed, the second means you are self-employed. Google it if don't then feel free to ask more questions.

[Tom Braider]

Buildersmate is right; you might be self-employed but this isn't something you can choose. Usually people working in the UK for a non-UK company are employees but because the employer has no presence in the UK it's the employee who has to take care of the PAYE scheme. The tax office will advise.