Global Mobility considerations for businesses
Whether or not it is practical for a business to have employees working overseas will depend on the business, but there are some benefits. In this episode on global mobility, we discuss key considerations businesses need to be thinking about.
This is especially relevant now as the pandemic has had a big impact on how and where we work. We are starting to adopt new ways of working again as restrictions begin to be relaxed.
A key considering is whether or not to give employees flexibility to work outside the UK. Businesses who choose to adopt international remote working arrangements may gain access to a more global and diverse talent pool, and also benefit from improved talent attraction and retention. There are, however, various tax, HR and legal considerations.
Covered in this episode:
[4:50] - Where income tax charges are triggered
[12:13] - Wider tax considerations business should be thinking about: corporation tax, local immigration laws, regulatory considerations, and health and safety
[16:13] - Is robust international remote working policy needed?
[19:57] - Benefits to allow employees to have flexible benefits
Get in touch
Have any feedback? We're listening, email us at: firstname.lastname@example.org
Want to know more about our Private Client Tax Services and how we can help you? Head here for more info https://bit.ly/3wPQy5Y
View all episodes for the Talking Tax show here: https://smithandwilliamson.com/en/insights-landing/sw-the-pulse/talking-tax-podcast/
If you have a podcast query, Please contact:
Media & Advertising Assistant Manager
This episode was recorded on 26/05/2021
Smith & Williamson LLP
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Smith & Williamson LLP is a member of Nexia International, a leading, global network of independent accounting and consulting firms. Please see https://nexia.com/member-firm-disclaimer/ for further details.
Smith & Williamson LLP is part of the Tilney Smith & Williamson group.
Registered in England No. OC 369631.
Tax legislation is that prevailing at the time, is subject to change without notice and depends on individual circumstances. Clients should always seek appropriate tax advice before making decisions. HMRC Tax Year 2021/22.
This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refrained from as a result of what is said. The views expressed are not necessarily those of the presenter or of Smith & Williamson or any of its affiliates. No reproduction of this podcast may be made in whole or in part for professional or recreational purposes. No action should be taken based on this podcast and we accept no liability if we change your views on any of the subjects mentioned.
Please remember the value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past performance is not a guide to future performance.
The Pulse from Smith & Williamson
The possibility of tax reform in the UK
Broadcast on Smith & Williamson at 09:00, 10th of JUNE 2021
Available online from 10:00 on the same day .
Budget 2021: Capital taxes
It had been widely speculated that the 2021 Budget would bring some level of reform to the CGT regime, but capital taxes hardly featured in the Chancellor's announcements. The CGT annual exempt amount will remain at it's current level until 5 April 2026, and IHT thresholds are also frozen until this date.