Providing an overview of the tax and social security regime in the country in which a contractor or permanent employee will be working;
With regard to contractors and other individuals going overseas, providing a report of the individual’s specific circumstances from both the UK and non-UK perspectives. This may include advice on the optimum medium through which to do business; the likely global tax and social security exposure; the possibility of mitigating this exposure and planning devices for bringing the earnings back to the UK; also, preparation of the requisite UK arrival and departure forms, tax returns/accounts and liaison with the Inland Revenue and overseas contacts and jurisdictions as required;
Advice to contractors as regards whether their contract and working practices are likely to be inside or outside of IR35. We can provide specific guidance and alternative contract wording and are also willing to liaise with third parties, as required;
With regard to employees being made redundant or otherwise terminated, advice for the employer and employee on the optimisation of any available tax relief. This is of particular use where the individual’s employment background includes working overseas or where they are a non-UK National. There are substantial savings that can be achieved in this respect;
A UK Tax Return/situation preparation or post-submission review for UK or non-UK Nationals based in the UK. Experience has proved that there are often additional savings to be made that the individual or their adviser has missed, e.g., foreign residence aspects, additional relief for business mileage etc;
A US Tax Return preparation or review service for UK Nationals working in the US and US Citizens or Green Card holders working in the UK;
Advice to individuals on capital transactions, particularly as regards property (including making maximum use of the various exemptions available) and business assets (including advice on taper relief and reinvestments);
With regard to employees being assigned from one country to another, advice to both them and their employer as regards structuring the overseas assignment in the most tax and social security efficient manner, dealing with the employee’s UK Tax Returns and dealing with or coordinating the preparation of non-UK Tax Returns for all relevant years and liaising with overseas contacts, as appropriate. Again, the savings that can be made here are potentially enormous, given a creative approach, especially when the use of inter-country tax and social security treaties is maximised;
Assisting employers with other matters such as P11Ds (preparation or review thereof), PAYE Settlement Agreements, Dispensations, Expenses & Benefits Policies and PAYE, either for local or overseas employees.
