Anyone UK based, paid non-Sterling?
Discussion
There is a thread on this in Jobs from 2009, and I wondered if this might be a better place to ask-
Employed, UK based, but to be paid (I think) in CHF.
I am hoping the employer will be sorting tax and NI, but can't help feel this is likely to go wrong "because HMRC" if nothing else.
Anyone else in a similar position? Am not concerned about conversion to GBP, just the mechanics before this, as it's not contracting but ordinary employment.
Employed, UK based, but to be paid (I think) in CHF.
I am hoping the employer will be sorting tax and NI, but can't help feel this is likely to go wrong "because HMRC" if nothing else.
Anyone else in a similar position? Am not concerned about conversion to GBP, just the mechanics before this, as it's not contracting but ordinary employment.
I am in the same situation, current pay NI in the UK but tax in Germany, all OK with HMRC.
In negotiations now to move, physically, back to the Uk but retain a German contract and be paid in euros.
The plan is to agree an exchange rate in advance, which I currently have for NI contributions, my employer will then deduct the respective taxes at source based on the pre agreed rate, this should be all ok ...
A colleague currently has a German contract and based in spain, no currency issues but tax / NI is all paid locally.
All staff, by contract I just mean official location of employment.
In negotiations now to move, physically, back to the Uk but retain a German contract and be paid in euros.
The plan is to agree an exchange rate in advance, which I currently have for NI contributions, my employer will then deduct the respective taxes at source based on the pre agreed rate, this should be all ok ...
A colleague currently has a German contract and based in spain, no currency issues but tax / NI is all paid locally.
All staff, by contract I just mean official location of employment.
2 sMoKiN bArReLs said:
Is that not the sort of detail one traditionally sorts out before starting?
Sorry, no help I know.
Lols! Yes, you'd think, however X was agreed in GBP, but they have decided to offer Y EUR, or Z CHF, and by any calculation X < Y < Z and not just in absolute terms as you'd expect! Y is at a rate so good even that's tempting! Sorry, no help I know.
Croutons said:
There is a thread on this in Jobs from 2009, and I wondered if this might be a better place to ask-
Employed, UK based, but to be paid (I think) in CHF.
I am hoping the employer will be sorting tax and NI, but can't help feel this is likely to go wrong "because HMRC" if nothing else.
Anyone else in a similar position? Am not concerned about conversion to GBP, just the mechanics before this, as it's not contracting but ordinary employment.
Which bank branch will the money be paid into Employed, UK based, but to be paid (I think) in CHF.
I am hoping the employer will be sorting tax and NI, but can't help feel this is likely to go wrong "because HMRC" if nothing else.
Anyone else in a similar position? Am not concerned about conversion to GBP, just the mechanics before this, as it's not contracting but ordinary employment.
king everything up I'm interested in! If the individual lives in the UK, they are a UK tax resident and will be subject to UK tax and NI.
If they are employed, they must pay tax and NI under the UK PAYE system.
It does not matter where the EMPLOYER is actually based. And it does not matter what currency the employer choses to pay the salary in.
It's UK salary and should be taxed under UK tax rules.
If they are employed, they must pay tax and NI under the UK PAYE system.
It does not matter where the EMPLOYER is actually based. And it does not matter what currency the employer choses to pay the salary in.
It's UK salary and should be taxed under UK tax rules.
Eric Mc said:
If the individual lives in the UK, they are a UK tax resident and will be subject to UK tax and NI.
If they are employed, they must pay tax and NI under the UK PAYE system.
It does not matter where the EMPLOYER is actually based. And it does not matter what currency the employer choses to pay the salary in.
It's UK salary and should be taxed under UK tax rules.
MaybeIf they are employed, they must pay tax and NI under the UK PAYE system.
It does not matter where the EMPLOYER is actually based. And it does not matter what currency the employer choses to pay the salary in.
It's UK salary and should be taxed under UK tax rules.
Unless other factors are. involved
Eric Mc said:
Where is the payroll administrator based?
How are they going to process your salary each month?
Will you be able to communicate with them?
Basel,How are they going to process your salary each month?
Will you be able to communicate with them?
Electronically/ bank transfer, post deductions at source [I hope] as an employee,
Yes.
And indeed, I will be UK res for tax purposes, so the other stuff is not relevant.
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