Are your employees living abroad or looking to relocate overseas and work remotely? What difference will it make?
Well, there are tax and other considerations you will need to be aware of, for example:
- What tax do they pay and in which country?
- How will you sort out their pay?
- Will you pay in UK sterling or other currency?
- When do you notify HMRC?
- What about payroll taxes and social security deductions?
- What if the rate of tax is higher in the country the individual is living in?
Recruiting new talent is hard and expensive, so accepting a request to live abroad is often the best option. Listen to one of our Tax Directors, Glenn Collingbourne talk through how to approach this situation to ensure that you remain compliant with UK and international tax requirements.
This landscape can be complex to navigate so seeking local advice and expert UK advice will be essential to ensure employee and employer are entirely compliant. Click the button below to read more about our international tax services and how we can help define what this might mean for you.
