Internationally mobile individuals

An increasingly global workforce is a key feature of today’s business world, particularly in companies with multinational operations. Individuals may also choose to live in the short or longer term in more than one country for non-business reasons.

While this flexibility may bring advantages for businesses making the most of employee talents or suit an individual personally, an internationally mobile lifestyle raises significant tax issues. That’s where Milsted Langdon’s international tax team can help.

Different tax laws apply to foreign nationals living and working in the UK, just as they do to UK citizens living and working abroad.

Whether an employee or individual is moving into the UK from overseas or from the UK to a foreign jurisdiction, planning and structuring the transfer correctly is essential for maximum tax efficiency and compliance.

Double taxation treaties are a significant issue for people with an income from a source in one country who are classed as resident in another, as they could be liable for taxation in both countries.

As the UK has in place double taxation treaties with more than 100 countries, many people may be eligible for tax relief on certain types of UK income – such as pensions, dividends from UK companies, interest and royalties – we can advise on eligibility and help to maximise the benefits available under double taxation agreements.

Our team can also advise ahead of international moves, drawing on the expertise of fellow MGI members overseas, on issues including:

• tax-efficient remuneration
• tax treatment of share options
• tax treatment of pensions
• tax return preparation and compliance
• residence and domicile
• short-term visits.

To find out how our international tax advisers in Bristol, Taunton and Yeovil can help you, please contact us.