Practical issues for payroll operation when employees are leaving the UK are covered in the Outbound employees ― payroll issues guidance note. A review of opportunities for UK employers to improve the tax consequences for themselves or their employees is in the Pre-departure planning from an employer’s perspective guidance note. This guidance note pulls together the mandatory steps that must be taken when an individual leaves the UK to take up employment overseas and those that would be wise to take to achieve the best objectives.
The overall requirements when an individual leaves the UK to work overseas vary depending on factors:
how long the employment is expected to last
in which country the employment will be located
whether there will be more than one employer
whether the employer(s) will be UK based or overseas
HMRC guidance leaflet CWG2 (updated annually) provides advice on RTI for employers. This includes the circumstance of an employee leaving the UK to work elsewhere in full or in part, but remaining
Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following
Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a ‘special rate pool’. Expenditure to be allocated to the special rate pool
Computation of corporation taxCompanies pay corporation tax on the taxable total profits (TTP) generated in a chargeable accounting period (CAP).To ascertain whether the entity is within the charge to corporation tax, see the Charge to corporation tax guidance note.For more information on the type