UK and Japan sign new double tax agreement
People who go to work in Japan from the UK or come to the UK from Japan will only be liable to social security contributions in their `home' country, the Inland Revenue has announced.
People who go to work in Japan from the UK or come to the UK from Japan will only be liable to social security contributions in their `home' country, the Inland Revenue has announced.
The change will take place after a new Double Contributions Convention between the United Kingdom and Japan, signed in Tokyo yesterday, comes into force.
Welcoming the signature of the Convention, the paymaster general, Dawn Primarolo, said: ‘This agreement is a welcome further step in building trading relationships between our two countries. It will help promote the free flow of labour and so stimulate trade and investment between the UK and Japan.’
A Double Contributions Convention aims to eliminate a double charge to social security contributions arising when workers move temporarily from one country to another.
http://www.inlandrevenue.gov.uk
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article