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.