November 18, 2022
UK Autumn Statement | International mobility considerations
On 17 November 2022, the UK Chancellor (Finance Minister) presented his Autumn financial statement for the forthcoming financial year starting in April 2023.
The most significant announcements impacting international mobility programmes are as follows:
Employers who operate tax equalization arrangements for their employees may wish to review forecasts for grossed up taxes payable on behalf of inbound assignees whose earnings were not previously taxable at the 45% rate.
For outbound assignees, hypothetical taxes should be increased if earnings exceed £125,140, impacting net pay.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert