TIMELY REPORTING OF EARNINGS TO COUNTRY TAX AUTHORITIES
Barrier: Tax Compliance – Lack of understanding of local compliance process
Story: A client had numerous business travelers from non treaty countries traveling into the UK throughout the year. Because of these countries’ non-treaty status, both the company and the employees have a tax filing requirement (year end) in the UK.
The client wanted to ensure tax compliance, so we worked with management to identify all business travelers. Taxable compensation was then collected and allocated according to the number of days in country. UK taxes (employer and employee taxes) were calculated through msi’s payroll partner and remitted to HM Revenue and Customs (HMRC) at year end.
Result: The client and its business travelers remained in compliance with local tax laws.