The firm said while international travel is an essential part of business
life, companies needed to keep track of their employees’ overseas travel or risk
heavy financial or even criminal penalties.
E&Y human capital tax director, Joe Pilley, said the kind of employee
likely to be affected is often referred to as an ‘accidental expat’, and is one
who travels internationally on business on a regular basis but is not on a
formal posting or assignment.
As a result they fall under the radar of their HR or tax department. However,
frequent short term trips over the course of a year can trigger tax payments and
a onerous form filling for both employee and their employer, the firm warned.
Failure to comply with these requirements can lead to heavy penalties.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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