1. Expat Tax
Update

2. ABOUT BDO

3. MARCH 2017 BUDGET UPDATE Non dom rules
Termination payment rules (change from 6 April 2018)
Salary sacrifice rule changes
Pension rule changes – QROPS & transfers/ 90% rule/Section 615 schemes

4. BREXIT – POTENTIAL IMPLICATIONS
Income tax rules (Double Taxation Agreements)
European Social Security rules – State pension rules/Germany & A1 applications
More STBV’s under new order?

5. BREXIT – PLANNING CONSIDERATIONS FOR ANY RELOCATIONS
Compare tax rates/net pay
Consider tax reliefs and how accessed
Determine Social Security costs & options
Assess what tax policy to use (know what is taxable)
Merits of commuters
Seek guidance if redundancies

6. SHORT TERM BUSINESS VISITORS – ACTION REQUIRED FOR 2016/17 UK TAX YEAR
Report for 2016/17 UK tax year to be filed with HMRC by 31 May 2017 for those employers with STBV agreements in place with HMRC
Reporting requirement for any STBV in excess of 30 days to the UK during the tax year
Certificates of Residence required for those exceeding 90 days in the UK – act now!
Recommended for those employers without agreements in place who have STBVs to submit agreement alongside report for the 2016/17 tax year
Annual PAYE scheme for STBVs to the UK with up to 30 workdays who do not meet treaty exemption conditions – typically those from non-agreement countries or from branches of the UK entity

7. SHORT TERM BUSINESS VISITORS – OTHER CONSIDERATIONS
Other jurisdictions taking a greater interest in STBVs for Income Tax purposes
Introduction of Base Erosion Profit Shifting (BEPS) and Country by Country reporting for Corporate Tax purposes
Not just purely a tax issue – issues such as social security, immigration and duty of care to be considered
Increasing expectation on employers to be able to monitor and track their employees globally
UN commentary (April 2017) on tracking travellers: “requiring enterprises, even large enterprises with multiple projects, to keep records with regard to the countries in which their employees and independent contractors are working does not appear to be unduly onerous or unreasonable – especially in light of technological advances”

8. SHORT TERM BUSINESS VISITORS – TECHNOLOGICAL SOLUTIONS
Utilise Smartphones and latest technology
Consider solutions which cover tax, immigration and duty of care
Providing real time information for compliance and reporting
Solutions which provide value to the traveller as well as HR/Global Mobility/finance functions

9. Any questions?
Andrew Kelly Director
Daniel Howse
Senior Manager