Tolley's Expatriate Tax Planning 2024-25
This content is unique to LexisNexis
Commentary
Expatriate Tax Planning 2024–25
Tolley’s Expatriate Tax Planning 2024–25 covers income tax and NICs for both UK individuals working abroad and foreign nationals working in the UK, whether international secondees or direct hires. It enables the reader to:Plan future international assignments and recruitment, identifying cross-border opportunities
Find solutions and answers to issues that arise for existing employments Deal with expatriate employees (including Digital Nomads) without specialist advice Complete self assessment and PAYE returns for expatriate employees
Expatriate Tax Planning 2024–25 has been updated to cover the latest UK tax cases on individual domicile, residence and the remittance basis. This issue includes planning ideas based on the potential abolition of the remittance basis for employees from 6 April 2025.The revised UK pension rules from 5 April 2024 are outlined, including the abolition of the Lifetime Allowance. Non-UK pension schemes are covered in detail, including UK tax relief on foreign scheme contributions and transfers of funds between UK and non-UK schemes.The social security commentary covers the rules applicable since the UK left the EU, including the detached duty rules provided in the EU/UK co-ordination agreement. The EU social security recommendation (ECR) on teleworkers employed in more than one EU state is outlined, including the UK authorities' refusal to implement the revised EU meaning of substantial for these employees. Chapter 8 also considers the implications of abolishing Class 2 NICs for employees who pay UK voluntary contributions to protect their state benefits.Tolley’s Expatriate Tax Planning continues to provide guidance on specialised employment situations, including commuters, international transport workers, directors, dual contracts, government employees and experts, the armed forces (including foreign SOFA assignees) and non-resident athletes. Complete chapters are devoted to the topics of expatriate employees’ share-based rewards, their social security contributions and benefits, their private pensions, and the double taxation relief for their earnings. These chapters provide the latest HMRC guidance, planning tips and worked examples. Capital gains tax and inheritance tax for international employees are also included. The Appendices provide fast reference to the basis of assessment of earnings, the remittance basis charge, share-based earnings and the UK’s double tax treaties.
Tolley’s Expatriate Tax Planning 2024–25 covers income tax and NICs for both UK individuals working abroad and foreign nationals working in the UK, whether international secondees or direct hires. It enables the reader to:Plan future international assignments and recruitment, identifying cross-border opportunities
Find solutions and answers to issues that arise for existing employments Deal with expatriate employees (including Digital Nomads) without specialist advice Complete self assessment and PAYE returns for expatriate employees
Expatriate Tax Planning 2024–25 has been updated to cover the latest UK tax cases on individual domicile, residence and the remittance basis. This issue includes planning ideas based on the potential abolition of the remittance basis for employees from 6 April 2025.The revised UK pension rules from 5 April 2024 are outlined, including the abolition of the Lifetime Allowance. Non-UK pension schemes are covered in detail, including UK tax relief on foreign scheme contributions and transfers of funds between UK and non-UK schemes.The social security commentary covers the rules applicable since the UK left the EU, including the detached duty rules provided in the EU/UK co-ordination agreement. The EU social security recommendation (ECR) on teleworkers employed in more than one EU state is outlined, including the UK authorities' refusal to implement the revised EU meaning of substantial for these employees. Chapter 8 also considers the implications of abolishing Class 2 NICs for employees who pay UK voluntary contributions to protect their state benefits.Tolley’s Expatriate Tax Planning continues to provide guidance on specialised employment situations, including commuters, international transport workers, directors, dual contracts, government employees and experts, the armed forces (including foreign SOFA assignees) and non-resident athletes. Complete chapters are devoted to the topics of expatriate employees’ share-based rewards, their social security contributions and benefits, their private pensions, and the double taxation relief for their earnings. These chapters provide the latest HMRC guidance, planning tips and worked examples. Capital gains tax and inheritance tax for international employees are also included. The Appendices provide fast reference to the basis of assessment of earnings, the remittance basis charge, share-based earnings and the UK’s double tax treaties.
Contributors
| Amanda Sullivan BA CTA (Fellow) | Author |
