Search
  • Helen White

High earners working from abroad pose huge tax threat

The Treasury could lose out on up to £32bn in tax receipts if high earners move abroad amid the shift to home working. Research published by the British Tax Review shows chief executives and managing directors account for around one sixth of all income tax paid in the UK and are more likely to be able to work from home. Rita de la Feria, a Leeds professor who has co-written the British Tax Review study, said the effects of working from home policies would be felt "more significantly" in the UK and similar countries. "New mobile workers are likely to be at the top of the income distribution and even a small number could result in significant revenue losses to the UK, of between £6bn and £32bn," she said. "The likely effect will be a tightening of employment rules, introduction of new tax-avoidance rules and increased personal income taxes competition with countries fighting to attract new mobile workers."


The Daily Telegraph

0 views0 comments

Recent Posts

See All

G7’s minimum corporate tax rate ‘too low’

While G7 finance ministers have agreed to support a global minimum corporate tax rate of at least 15%, Argentina's finance minister has described the rate as “far too low”. Martin Guzman told an onlin

Companies starting to receive letters demanding taxes

More than 1,200 companies get letters demanding overdue income taxes As the Government starts to recover debts built up in the pandemic, HMRC has sent more than 1,200 companies warning letters demandi