STOP PRESS: The remittance basis is abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. The legislation is included in FA 2025. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.
In today’s global economy, it is common to have individuals relocating overseas to work in another country, either indefinitely to take-up a new employment, on a temporary secondment (sometimes referred to as an ‘assignment’) or to undertake a business visit.
Global mobility generally refers to the employer and employee tax and social security implications associated with such relocations. Normally, global mobility requires a review of the tax and social security position across two or more countries, including how the rules across the countries concerned interact.
An employer’s tax, social security and payroll obligations are, to a large extent, normally dependent on an employee’s personal tax and social
Taxation of loan relationshipsThe vast majority of companies will have loan relationships and so will need to consider how they are taxed under the loan relationship rules. There are also specific provisions dealing with relevant non-lending relationships and other deemed loan relationships.
Payments to trust beneficiariesThis guidance note considers the trustees powers to make payments and whether the payment made is income or capital.This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts. It is not
Classes of NIC and who pays themClass 1 NICClass 1 NIC is payable on earnings paid to an employed worker which derive from, or are treated as deriving from, an employed earner’s employment in the UK. There are two kinds of Class 1 NIC, primary contributions for which the employee is liable and