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PHILIP FISHER highlights both a challenge and an opportunity for employers of expatriate employees
KEY POINTS
- Form P86 is replaced by new form P46(Expat).
- Completing form P46(Expat) will trigger the issue of a self assessment tax return.
- Many expats will not have a tax liability other than as collected under PAYE.
- Election confirming that the provisions of ITA 2007 s 828Ac and s 828B apply.
A seemingly innocuous internal change in HMRC practice has led to significant changes and additional burdens for those employees seconded to the UK from overseas by their employers.
It is safe to say in February that nobody likes filling in tax returns. Those employed to do so professionally are recovering from a January rush that left the majority working six or seven-day weeks and even then not getting home most nights in time to see EastEnders or on occasion one might wager the ITV News...
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