The following Employment Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
Home leave is a general term used to describe the situation where an employee works in a foreign country, but remains liable to UK income tax on earnings by virtue of remaining resident in the UK, and travels back to his home country during that overseas assignment. If the employer provides or pays for travel and subsistence to enable the employee to take home leave, the normal rules apply (unless one of the special provisions described below apply). This means that unless the reliefs below apply, the cost of the travel and subsistence provided or the amount reimbursed to the employee is likely to be taxable on the employee (see the Expenses guidance note).
The general rules on travel and subsistence apply equally to all employees, whether or not there is an international aspect to their employment. This means, broadly, that the cost of travel necessarily undertaken in the performance of the employee’s duties qualifies for a deduction. See the Travel expenses and Subsistence expenses guidance notes for more detailed information on the general rules.
If the employee is making only a short business trip away from his home country, or taking a short-term secondment to another country, the destination is likely to count as a temporary workplace. Under the general rules, travel to and from a temporary workplace, and any subsistence costs incurred as a result of having to stay at that temporary workplace are allowable as a deduction. See the Expenses during secondments guidance note.
These general rules should always be considered first. Only if the employee’s travel expenses are not allowable under those rules is there any need to look at the special rules concerning cross-border travel, as described below. There is a rule in ITEPA 2003, s 330 which prevents a deduction being allowed for the same expenditure more than once.
For a non-domiciled employee, a deduction may
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
‘Hold-over’ relief allows for the deferral of a gain that would otherwise arise in relation to a disposal. No capital gains tax (CGT) is due in respect of the disposal, but the base cost of the asset for the transferee for the purpose of a future disposal is reduced by an amount equal to the gain
Normal due dateIndividuals are required to pay any outstanding income tax and Class 4 National Insurance, Class 2 National Insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2021 for the 2019/20 tax year). From 6 April 2020, UK
From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (£1,250 in 2020/21 and 2019/20) to the spouse or civil partner where neither party is a higher rate or additional rate taxpayer. The legislation calls this the ‘transferable tax allowance’ but the GOV.UK website
This guidance note provides details of quarterly instalment payments (QIPs) for corporation tax purposes and which companies need to pay their tax liabilities in this manner.Generally, corporation tax is payable nine months and one day after the end of the relevant accounting period. However, large
To view our latest tax guidance content, sign in to Tolley Guidance or register for a free trial.