E90Post
 


GetBMWParts
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > UK Off-Topic Discussions > Employment advice: Working for a foreign company



Reply
 
Thread Tools Search this Thread
      06-16-2014, 08:24 AM   #1
chris_s1
Major
 
Drives: 2012 E92 335d MSport
Join Date: Jun 2009
Location: Swindon, UK

Posts: 1,075
iTrader: (0)

Garage List
2012 E92 335d  [4.33]
Employment advice: Working for a foreign company

I know there are some knowledgeable accountancy/legal types around, would appreciate any advice or thoughts from people in a similar situation.

I'm considering a job offer from a company based in Canada. I would be their only employee based outside North America. As such they don't have any experience in the HR requirements over here.

I have negotiated a base salary that is a good chunk higher than my current basic so there should be enough to cover any benefits I loose. (Currently get private medical, car allowance etc etc).

They have told me they don't offer a pension scheme, but do they have to over here? Isn't there a workplace pensions law in place now? Does that apply to overseas employers?

How should I receive my salary? In CAN$ into my account or should they pay in UKú. What about PAYE/NI...how would I pay that?

Thanks
Chris
__________________
2012 Alpine White E92 335d M Sport LCI | Coral Red Dakota Leather | Media Package - BMW Professional | 313 Wheels | Evolved |
Previously - 2009 Alpine White 325d M Sport LCI | Auto + Paddles | Media Package - BMW Professional | BMW Performance Front, Sideskirts and 313P Wheels | Black Grilles |
Carbon Black E46 ///M3 '04 | Manual | Evolved |
chris_s1 is offline   United Kingdom
0
Reply With Quote
      06-16-2014, 08:35 AM   #2
xenon
Brigadier General
 
xenon's Avatar
 
Drives: 2013 F10 520d M-Sport
Join Date: Jun 2008
Location: Coventry

Posts: 4,695
iTrader: (0)

Ultimately it doesn't matter what currency they pay you in - if they pay into your current GBP account then your bank will convert. Alternatively they could pay into a Canadian account and you can transfer as and when you need to (I do this with my US employer).

Tax & NI you would have to do by doing a tax return. I'm fairly sure that these circumstances would be exempt from the auto-enrolment pension scheme.
__________________
Ian
Current: 2013 F10 520d M-Sport, Professional Media, Visibility Pack, Reversing Camera, DAB
Previous: 2011 F10 520d M-Sport, 2008 320i M-Sport Coupe, 2002 325i, 2001 318i valvetronic, 1998 318i, 1996 525i, 1990 Porsche 944S2
xenon is offline   England
0
Reply With Quote
      06-16-2014, 09:22 AM   #3
chris_s1
Major
 
Drives: 2012 E92 335d MSport
Join Date: Jun 2009
Location: Swindon, UK

Posts: 1,075
iTrader: (0)

Garage List
2012 E92 335d  [4.33]
OK thank you. Sounds fairly simple then. Maybe I'm stressing about nothing but its a big change for me. I think I should employ an accountant to manage the tax returns......
__________________
2012 Alpine White E92 335d M Sport LCI | Coral Red Dakota Leather | Media Package - BMW Professional | 313 Wheels | Evolved |
Previously - 2009 Alpine White 325d M Sport LCI | Auto + Paddles | Media Package - BMW Professional | BMW Performance Front, Sideskirts and 313P Wheels | Black Grilles |
Carbon Black E46 ///M3 '04 | Manual | Evolved |
chris_s1 is offline   United Kingdom
0
Reply With Quote
      06-16-2014, 09:25 AM   #4
chris_s1
Major
 
Drives: 2012 E92 335d MSport
Join Date: Jun 2009
Location: Swindon, UK

Posts: 1,075
iTrader: (0)

Garage List
2012 E92 335d  [4.33]
Is there any benefit in having it paid into a local account before transferring it home? Other than a little exchange rate speculation?
__________________
2012 Alpine White E92 335d M Sport LCI | Coral Red Dakota Leather | Media Package - BMW Professional | 313 Wheels | Evolved |
Previously - 2009 Alpine White 325d M Sport LCI | Auto + Paddles | Media Package - BMW Professional | BMW Performance Front, Sideskirts and 313P Wheels | Black Grilles |
Carbon Black E46 ///M3 '04 | Manual | Evolved |
chris_s1 is offline   United Kingdom
0
Reply With Quote
      06-16-2014, 09:28 AM   #5
xenon
Brigadier General
 
xenon's Avatar
 
Drives: 2013 F10 520d M-Sport
Join Date: Jun 2008
Location: Coventry

Posts: 4,695
iTrader: (0)

Just exchange-rate speculation. I only get bonuses paid into a US account so I can transfer when it's convenient to me. If it were to be a monthly salary I'd get the employer to pay it direct into a UK account.
__________________
Ian
Current: 2013 F10 520d M-Sport, Professional Media, Visibility Pack, Reversing Camera, DAB
Previous: 2011 F10 520d M-Sport, 2008 320i M-Sport Coupe, 2002 325i, 2001 318i valvetronic, 1998 318i, 1996 525i, 1990 Porsche 944S2
xenon is offline   England
0
Reply With Quote
      06-16-2014, 02:58 PM   #6
RCUK
Lieutenant Colonel
 
RCUK's Avatar
 
Drives: Travelcard ...
Join Date: Dec 2008
Location: Orpington, Kent

Posts: 1,572
iTrader: (4)

If u get paid in canadian dollars... are you under their tax regime and as such under the radar here?

(honest question there... not suggesting tax evasion!!)
__________________
Been there, done that, driven the 'Ring
RCUK is offline   United Kingdom
0
Reply With Quote
      06-16-2014, 04:34 PM   #7
chris_s1
Major
 
Drives: 2012 E92 335d MSport
Join Date: Jun 2009
Location: Swindon, UK

Posts: 1,075
iTrader: (0)

Garage List
2012 E92 335d  [4.33]
Quote:
Originally Posted by RCUK View Post
If u get paid in canadian dollars... are you under their tax regime and as such under the radar here?

(honest question there... not suggesting tax evasion!!)
I was wondering that but I'm not sure that would be a good thing. I think they get taxed as hard as we do, if not more so.
__________________
2012 Alpine White E92 335d M Sport LCI | Coral Red Dakota Leather | Media Package - BMW Professional | 313 Wheels | Evolved |
Previously - 2009 Alpine White 325d M Sport LCI | Auto + Paddles | Media Package - BMW Professional | BMW Performance Front, Sideskirts and 313P Wheels | Black Grilles |
Carbon Black E46 ///M3 '04 | Manual | Evolved |
chris_s1 is offline   United Kingdom
0
Reply With Quote
      06-17-2014, 01:50 AM   #8
xenon
Brigadier General
 
xenon's Avatar
 
Drives: 2013 F10 520d M-Sport
Join Date: Jun 2008
Location: Coventry

Posts: 4,695
iTrader: (0)

You'll have a W8 which says you're not liable to have Canadian Tax deducted at source as you're non-resident, so they will pay you tax-free in the UK. It's up to you to declare your earnings on your tax return.
__________________
Ian
Current: 2013 F10 520d M-Sport, Professional Media, Visibility Pack, Reversing Camera, DAB
Previous: 2011 F10 520d M-Sport, 2008 320i M-Sport Coupe, 2002 325i, 2001 318i valvetronic, 1998 318i, 1996 525i, 1990 Porsche 944S2
xenon is offline   England
0
Reply With Quote
      06-20-2014, 10:08 AM   #9
doughboy
Major General
 
doughboy's Avatar
 
Drives: E91 335i Sold.
Join Date: Jan 2009
Location: UK

Posts: 6,370
iTrader: (2)

Op, you might want to see if they want to take you on as a limited company contractor, I.Ú a businessto business deal rather than employee.

That would be the best way and open up lots of new ways of saving tax.

Take some advice. Try www.pcg.org for a start.
doughboy is offline   United Kingdom
0
Reply With Quote
      06-20-2014, 10:12 AM   #10
chris_s1
Major
 
Drives: 2012 E92 335d MSport
Join Date: Jun 2009
Location: Swindon, UK

Posts: 1,075
iTrader: (0)

Garage List
2012 E92 335d  [4.33]
Yeah thanks, I was thinking about that. Wondering what I might loose in terms of job security if I did that though?

Is that link right? How are the Pentecostal Church of God in Texas going to help me save tax
__________________
2012 Alpine White E92 335d M Sport LCI | Coral Red Dakota Leather | Media Package - BMW Professional | 313 Wheels | Evolved |
Previously - 2009 Alpine White 325d M Sport LCI | Auto + Paddles | Media Package - BMW Professional | BMW Performance Front, Sideskirts and 313P Wheels | Black Grilles |
Carbon Black E46 ///M3 '04 | Manual | Evolved |
chris_s1 is offline   United Kingdom
0
Reply With Quote
      06-20-2014, 10:26 AM   #11
doughboy
Major General
 
doughboy's Avatar
 
Drives: E91 335i Sold.
Join Date: Jan 2009
Location: UK

Posts: 6,370
iTrader: (2)

Lol, try www.pcg.org.uk

Be brave, I've been a ltd co contractor for 10 years now never even had a day without work.

Even as a employee you still only have a month notice let's say, so your "job security" is only ever a month, you could work at a firm for 40 years and they can still lay you off in a month.
doughboy is offline   United Kingdom
0
Reply With Quote
      06-20-2014, 10:36 AM   #12
xenon
Brigadier General
 
xenon's Avatar
 
Drives: 2013 F10 520d M-Sport
Join Date: Jun 2008
Location: Coventry

Posts: 4,695
iTrader: (0)

Especially under US law (and Canadian might be the same) where they don't have to give you any notice whatsoever.
__________________
Ian
Current: 2013 F10 520d M-Sport, Professional Media, Visibility Pack, Reversing Camera, DAB
Previous: 2011 F10 520d M-Sport, 2008 320i M-Sport Coupe, 2002 325i, 2001 318i valvetronic, 1998 318i, 1996 525i, 1990 Porsche 944S2
xenon is offline   England
0
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 08:18 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST