This article provides a summary of the key considerations and the tax/social security rules where Non-UK Resdient Directors sit on the board of the UK Company. Non-UK Resident Directors on the Boards of UK companies will beconsidered as employed by or office-holders of the UK companies.Therefore, there is a requirement to withhold UK PAYE on a proportion oftheir remuneration received on any Director duties carried out in the UK.This article provides an overview of some of the key considerations for youas an employer from both an income tax and social security perspective.Ifyou have not previously considered your Non-Resident Director populationfrom a UK income tax and social security perspective, we would recommendthat you conduct a fullreview of this population. Read on
Today's Spring Budget 2017did not highlightany significant changes which would impact employers/employees from a UK employment tax perspective. Despite this, there are still a number of previously announced changes which are due to come in from 6 April 2017.This article provides a summary (which believe it or not was meant to be brief!) of the key changes along with recommendations of the actions UK employers need to take. Please note, some of these changes as highlighted will only impact employers of a certain size.
Today's autumn statement has confirmed that from April 2017, all benefits (with the exception of a few excluded benefits), provided under a salary sacrifice arrangement, will be taxed in the same way as cash earnings. This will result in reduced savings for both employers and employees looking to set up salary sacrifice arrangements from April2017. Benefits ("excluded benefits") which can continue to be provided under a salary sacrifice arrangement include cars with very low CO2 emissions, pensions, childcare vouchers and cycles to work; Read on