UK and Japan sign new double tax agreement

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.

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

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In 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 resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article