MONTHLY EMAIL NEWSLETTER - MARCH 2017
Welcome to International HR Adviser’s monthly email newsletter, keeping you up-to-date with issues that affect your role in Global Mobility, and that complements our quarterly magazine International HR Adviser.
In this issue we highlight:
We hope that you find these newsletters educational and informative, and if you have colleagues who would like to receive them, please email us their email addresses and we will add them to the database.
The budget took place on 8 March and although this did not provide any surprises from an employment tax perspective a few key announcements, were, however made. We have summarised below some key employment tax updates which are also likely to impact on your expatriate employees.
Consultations documents are expected to follow on the following topics:
Accommodation benefits – A consultation with proposals to bring the tax treatment of employer-provided accommodation up to date. This will include proposals for when accommodation should be exempt from tax and to support taxpayers during any transition.
Employee expenses – A ‘call for evidence’ will be published on the 20 March to better understand the use of the income tax relief for employees’ expenses, including those that are not reimbursed by their employer.
Taxation of benefits in kind – An additional ‘call for evidence’ will be issued on 20 March regarding exemptions and valuation methodology to better understand whether their use in the tax system can be made fairer and more consistent.
HMRC also confirmed:
They are actively monitoring Employment Allowance compliance following reports of some businesses using avoidance schemes to avoid paying the correct amount of NICs.
They will be increasing activity which respect to large employers in the form of large business risk review. HMRC will work constructively with businesses and interested parties to consult over the summer on its process for risk profiling large businesses and promoting stronger compliance.
Some other key employment tax changes are due to come into place as follows:
From 6 April 2017, Salary sacrifice arrangements will no longer provide tax and NIC savings except for in relation to a few specific benefits. There are some transitional rules in place to protect arrangements which were made prior to 6 April 2017.
The Government will legislate in Finance Bill 2017 to tighten and clarify the tax treatment of termination payments. This will include:
Making all contractual and non-contractual payments in lieu of notice taxable as earnings;
The tax & NIC treatment of termination payments will be aligned so that employers NIC will be payable on the elements of the termination payment exceeding £30,000 on which tax is due. The first £30,000 of a termination payment will remain exempt from tax & NICs;
Foreign Service relief will be withdrawn.
These changes are due to come into effect from 6 April 2018.
By Susanne Parsler, Senior Manager Global Mobility Services, Mazars LLP, London
T: +44 (0) 207 063 4191
Visit www.mazars.co.uk for further information
GERSON RELOCATION LAUNCH NEW BRAND
On the 5th March 2017 Gerson Relocation proudly launched their new branding logo to the global marketplace at the FIDI conference in Dubai. The new logo, based upon the concept of rotation, using the circular movement around a central object perfectly embeds with the Gerson Relocation strategy of continuing to build and develop a relocation programme that puts our customer at the centre of everything we deliver.
Gerson Relocation has developed and maintained an enviable reputation for managing and delivering international moving and destination services around the world that consistently support corporate mobility programmes and families on the move.
With the support of this fresh new logo and brand, the introduction of new services and tools, such as 'Gerson Digital' , the continued drive to lead industry innovation and to deliver a "No Noise" solution to all customers by getting it right first time, Gerson Relocation remain focused to lead and support the corporate marketplace through offering:
Gerson Relocation is part of the AGM Group
International moving and destination services to corporate organisations; Gerson Relocation.
Residential moving services; Abels, with their celebrated Royal Warrant, marks them out as truly By Royal Appointment, and second to none.
Fine Art Relocation and interior design project, including luxury hotel refurbishments and logistics; Momentous.
For further information please contact:
Andy Elson, Director of Sales
Tel: +44 (0)203 780 4536; Mob: +44 (0)7767 243 217
INTRODUCING BUSINESS TRAVEL TRACKER BY SANTA FE RELOCATION SERVICES
Santa Fe’s Business Travel Tracker tool is an innovative risk and compliance management system, which enables HR and Global Mobility teams to track their employees’ business travel, globally.
Gain control of your business travel programme with Business Travel Tracker:
· Efficiently track, locate and monitor employees that travel for business within one platform
· Gain support with immigration, tax and social security regulations across borders
· Manage risk, security concerns and compliance associated with Business travel
· Compatible on all devices; accessible anytime, anywhere
Do you have a process in place to manage immigration and tax-related risks in relation to employee business travel, globally? Our innovative risk and compliance management system, Business Travel Tracker is the solution for HR and mobility teams.
Read more on our website or email BTT@SantaFeRelo.com to arrange a demo of our Business Travel Tracker tool for you either in person or via Skype.
This monthly email newsletter is a great medium for you to advertise Global HR roles that you need to fill within your department.
These newsletters are sent on 15th of each month, so any jobs you are recruiting for can be viewed by over 4,800 readers within days of you sending us the vacancy. Not only will the jobs be listed in our newsletter, but they will also go on our website.
These roles are very niche, and as we have been publishing for 16 years and are solely targeted at the Global HR market, we should be a useful tool for you in your search.
An entry in our newsletters costs only £500 per month. Please email firstname.lastname@example.org to book your advert or ask any further questions.
We look forward to hearing from you and hope we can help you find the right applicants for the specialist roles in Global HR that aren’t always easy to fill.
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