In an increasingly globalised environment, employers of all sizes are having to consider the impact of employees travelling between jurisdictions.
Internationally-mobile employees (IMEs) include:
UK residents going to work overseas
Overseas residents coming to work in the UK
UK and overseas residents who move in and out of the UK
The tax treatment of shares or options held by IMEs is a complex area. Share or share option profits realised by IMEs may be subject to tax in more than one jurisdiction and the social security position can differ from the tax position.
It will also be necessary to consider the position of IMEs under double taxation treaties. Tax treaties can protect IMEs against double taxation and allow IMEs to claim tax relief in the UK or overseas. Our expert team can help employers deal with the complex requirements of a globally-mobile workforce by assisting with payroll and social security requirements on employee shares and share options and advising on planning opportunities. We can also advise employees on any tax that they need to account for under self-assessment.