missed call

Deleted member 28206 · April 26, 2012

Reading on the tax implications. Snooooooze.

Any accountants on here? Any HMRC nerds?

Dylan · April 26, 2012

So where is the job then? Atlanta or Zuuuuuuuuuuuurich?

Mutzo Nutzo · April 26, 2012

Bryan said:
Reading on the tax implications. Snooooooze.

Any accountants on here? Any HMRC nerds?

Hi Mate - As I understand it, there is a UK/Swiss dual tax arrangement in place. I worked in Holland for a few years and they had a similar setup.

You will become a tax resident of Switzerland if you live there for more than 30 concurrent days, you can also apply for a residence permit, but you need to spend 180 days a year in Switzerland to maintain this.

In your first year you will qualify to be both a UK and a Swiss Tax resident - so because they have this dual taxation agreement, a number of tie-breakers come into play to determine where you will pay tax

1. Where do you have your permenant home?
2. Which country is your centre of vital interests? - Career/bank accounts/etc....

Then you will have to convince the HMRC that you have left the UK permenantly - provide them with copies of job contracts and terms of employment/Swiss bank account details/Proof of home ownership or tenancy agreements in Switzerland ...this should suffice.

Now that you have convinced HMRC and Swiss Tax authorites that you are resident in Switzerland you will have to now agree with the Swiss canton (governing area that you reside in) how much tax you will actually pay, you can agree to pay a fixed annual sum with them and that will be at that price for life no matter if you get a massive pay-rise, and its usually way lower than UK rate of tax.

Eitherway you need to get yourself a good accountant with good knowledge of UK/Swiss tax agreements - and they will handle all this stuff for you. But you will need to phone around...you may find one or two in this country, however I would suggest Switzerland is the place.

Also check out

http://www.englishforum.ch/

There is loads of stuff on there, about tax/insurance/digs etc.....

Deleted member 28206 · April 26, 2012

Mutzo Nutzo said:
Hi Mate - As I understand it, there is a UK/Swiss dual tax arrangement in place. I worked in Holland for a few years and they had a similar setup.

You will become a tax resident of Switzerland if you live there for more than 30 concurrent days, you can also apply for a residence permit, but you need to spend 180 days a year in Switzerland to maintain this.

In your first year you will qualify to be both a UK and a Swiss Tax resident - so because they have this dual taxation agreement, a number of tie-breakers come into play to determine where you will pay tax

1. Where do you have your permenant home?
2. Which country is your centre of vital interests? - Career/bank accounts/etc....

Then you will have to convince the HMRC that you have left the UK permenantly - provide them with copies of job contracts and terms of employment/Swiss bank account details/Proof of home ownership or tenancy agreements in Switzerland ...this should suffice.

Now that you have convinced HMRC and Swiss Tax authorites that you are resident in Switzerland you will have to now agree with the Swiss canton (governing area that you reside in) how much tax you will actually pay, you can agree to pay a fixed annual sum with them and that will be at that price for life no matter if you get a massive pay-rise, and its usually way lower than UK rate of tax.

Eitherway you need to get yourself a good accountant with good knowledge of UK/Swiss tax agreements - and they will handle all this stuff for you. But you will need to phone around...you may find one or two in this country, however I would suggest Switzerland is the place.

Also check out

http://www.englishforum.ch/

There is loads of stuff on there, about tax/insurance/digs etc.....