domestic

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The Tax Rules You Need to Know for Domestic UK Employee Relocation Costs

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The Tax Rules You Need to Know for Domestic UK Employee Relocation Costs

The Government adverts tell us that "tax needn't be taxing".  Well it is and UK domestic employee relocation costs are no exception. The subject of tax is almost as confusing as the British electorate but here we will try to make the subject a little clearer to understand.

If your organisation contributes towards employee relocation costs, the organisation has 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. In terms of the technicalities of reporting, you can very happily leave that to your accounts department to deal with.

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If it ain't broken, don't fix it...

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If it ain't broken, don't fix it...

Indeed, if it ain't broken, don't fix it, as the old adage goes. Why go and create extra work if everything is working just fine and dandy?

Well, you may have read our earlier post about points you should consider for your relocation policy, and top of the list was, you guessed it, policy review. In a nutshell, if you don't review your policy, how the heck are you going to know if it is "broken" or not?

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Are UK tax rules stifling domestic relocation?

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Are UK tax rules stifling domestic relocation?

How much does a full domestic relocation programme cost per employee? It depends on a number of factors, right? However, without knowing what those variables are, you can bet your bottom dollar / pound / euro * (* delete as appropriate) it's going to cost considerably more than £8,000, even without a Guaranteed Sale Price provision.

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So what exactly is employee relocation and global mobility?

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It always surprises me just how many people I meet that have never even heard of employee relocation, let alone administered or benefited from it. Misunderstandings are common. A recent interlocutor thought it was about moving employees to a new work site from one that was closing down. To a degree, he was right, but that's only part of the picture. And when I start talking about global mobility, people look at me, slightly puzzled, and say, "What, mobility scooters?" For the avoidance of doubt, we don't do mobility scooters. Let's have a quick look and find out what it's all about.