Expat Tax
Business is now a global affair and, as such, companies which operate cross-border are likely to have members of staff spending time in different locations, requiring expat tax advice.
Relocation Advice
When you relocate an employee to another country, we can assist with all cross border tax implications for both your business and your employee.
Expat Tax Compliance
Expat tax compliance can give rise to a broad range of tax liabilities, both in the UK and the new country. We can provide analysis of the taxability of wages and benefits in each jurisdiction as well as tax costs estimates, tax return preparation, tax equalisation calculations and reviews of your compliance processes.
Holistic Approach
Planning should not stop at just the employment tax implications but should also cover investments, tax-efficient asset disposal, social security, pensions and inheritance tax planning. Our expat tax services include non-UK resident and non-domiciled advice, trust and estate planning, PAYE and NIC advice.
ETC Tax are experts in expat tax
One of the most pressing areas of risk involved with operating a globally-mobile workforce is ensuring compliance with the various tax laws and regulations of wherever you are active. This doesn’t stop at visa applications. For international businesses, this means ensuring your employees are paying the right tax, and level of taxes, within the right jurisdictions at the right time. Planning before the move is essential for your employees as they need to understand the impact that the move will have on their finances and will not want to be left worse off or get stung by hidden tax charges.
Key areas to consider for tax expats
Keeping up to date with global tax regulations is a huge challenge for companies and employees alike. But this is important for the many companies that operate across borders and require staff to spend time in different jurisdictions. Tax presents ongoing compliance risk for employers and tax issues can quickly become a source of real stress for employees – an unwanted distraction from the commercial objective of the overseas assignment.
Individuals working across a number of jurisdictions or moving part way through a tax year should take additional care to ensure that the correct tax returns are filed on time to prevent any penalties arising. Where double tax treaties are in place between the jurisdictions, these should be reviewed to ensure that any double tax credits are claimed to alleviate any charge to double taxation. Temporary workplace relief and relocation allowances allow for significant employee benefits. In addition, those individuals seconded to the UK may be able to claim overseas workday relief where overseas duties are retained. These allowances and relief should be explored on an individual basis as part of the planning process.
As experienced expat tax consultants, ETC Tax provide global tax compliance, tax planning and related policy advice to organisations and individuals who work across international borders. We deliver expat tax services that help employers – ranging from international companies to fast growing businesses, SMEs and start-ups – manage their global workforce. Operating at every stage of the assignment cycle, from planning through to repatriation, our specialist in expat tax can help you manage the complex tax implications of deploying staff abroad or binging overseas personnel to the UK.
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