Tolley's Expatriate Tax Planning 2023-24
This content is unique to LexisNexis
Commentary
Tolley's Expatriate Tax Planning 2023-24
This content is unique to LexisNexis
Commentary
This edition 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 2023-24 has been updated to cover the latest tax cases on individual domicile, residence and the remittance basis.
The UK's rules for Digital Nomad employees, as confirmed through the HMRC Expatriate Forum, are covered throughout the work. Chapter 9 outlines the background to Digital Nomads, together with the effects on individual and corporate residence, income tax and social security contributions on earnings (including pensions), employee expense deductions, double taxation including tax treaties, and employer and employee compliance obligations. The latest HMRC social security policy on employees working remotely in the EU without the employer's instructions is indicated.
The social security commentary includes the detached duty rules provided in the EU/UK co-ordination agreement. The new EU social security recommendation (ECR) on teleworkers employed in more than one EU state is covered, with HMRC's refusal to implement the revised EU meaning of substantial for these employees.
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.
This content is unique to LexisNexis
Commentary
This edition 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:
Expatriate Tax Planning 2023-24 has been updated to cover the latest tax cases on individual domicile, residence and the remittance basis.
The UK's rules for Digital Nomad employees, as confirmed through the HMRC Expatriate Forum, are covered throughout the work. Chapter 9 outlines the background to Digital Nomads, together with the effects on individual and corporate residence, income tax and social security contributions on earnings (including pensions), employee expense deductions, double taxation including tax treaties, and employer and employee compliance obligations. The latest HMRC social security policy on employees working remotely in the EU without the employer's instructions is indicated.
The social security commentary includes the detached duty rules provided in the EU/UK co-ordination agreement. The new EU social security recommendation (ECR) on teleworkers employed in more than one EU state is covered, with HMRC's refusal to implement the revised EU meaning of substantial for these employees.
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 |
