RELOCATION BLOG
Are you relocating employees to the UK? Here we try to make the subject of relocation taxation a little clearer for you to understand.
If your organisation is considering relocating an employee to the UK or is already contributing towards employee relocation costs, the organisation will incur certain tax, National Insurance and reporting obligations, so you need to be aware of which relocation costs incur tax and what needs to be reported to HMRC.
Investing a little time and effort during the early stages will pay dividends and ensure your employees are relocated with the minimum of anxiety and without unexpected surprises for the company.
We have previously written about 5 key areas you should consider before embarking on a relocation journey abroad, but in this piece, we will look at the element of cost in a little more detail.
If managed incorrectly, unexpected costs can make a relocation more expensive than you first anticipated, both for the company and the employee. Make sure you have all bases covered and work out exactly what costs you are likely to incur when sending employees overseas. Choose to partner with a relocation company that provides cost estimates for your various scenarios.
