If, as an employer, you contribute to a member of staff’s relocation costs, there are certain tax, National Insurance and reporting obligations you need to take into account.
They can include multiple things, such as:
Personally ensuring that your tax and NI contributions are always correct can be tricky at the best of times, never mind when dealing with intricate actions such as an employee relocating. Some costs will be counted as qualifying for exemption whereas others will come with tax charges and obligatory reporting. Getting it right from the very start is crucial, so we strongly recommend asking us to manage the entire process for you.
First and foremost, we’ll ensure that all of your reporting is accurate and compliant. This means no angry letters and unexpected fees or charges from HMRC. On top of this, we remove all of the stress and multiple admin hours, helping the relocation to run smoothly from start to finish for both you and the employee.
It all starts with a conversation. Call our Yorkshire office on 01482 235575, our London office on 0207 885 0605, or fill in our contact form.
