In an increasingly connected world, business travel is essential for companies to maintain and expand their global footprint. So it's no surprise that according to the Global Business Travel Association, in 2016 worldwide organisations spent US$1.3 trillion (approx £1 trillion) on business travel. However, together with great opportunities, this can equally be problematic for companies, as authorities are increasingly scrutinising the activities of mobile workers.
Short-term business visitors (STBVs) have become a big story in the world of mobility. It’s clear that the nature of global mobility is rapidly shifting, and that short-term business travel, as much as long-term overseas assignments, are becoming the norm. Read more in this PwC blog by Ben Wilkins, a Partner in our People and Organisations practice.
Business visitors to the UK can be exempt from UK income tax where the individual qualifies for tax exemption under a Double Taxation Agreement (DTA). However, it is no longer enough for employers to simply choose not to apply PAYE withholding for individuals who meet the DTA conditions for their business travel to the UK. This resource provides further guidance on short term business visitor compliance.
Where employers have a Short Term Business Visitor Agreement (STBVA) in place, the employer can relax the strict UK Pay As You Earn (PAYE) withholding requirements for a STBV who qualifies for UK tax exemption. This guide summarises what an STBV is and the advantages of having a STBV agreement.
Boost for UK companies with short term business visitors (STBVs) from overseas branches - This announcement potentially represents a welcome boost to UK companies that have short term business visitors (STBVs) visiting from overseas branches.
In the third episode of our EMEA PE webcast series we will focus on the practical implications of having a globally mobile workforce and the type of PE challenges this can create.
We wanted to understand better how organisations are tackling the challenges of global mobility and managing the risks posed by the BEPS recommendations; our survey of informal mobility management completed by 224 companies in 26 countries suggests that there’s still important work to be done.
BEPS, PE and immigration risks, employment tax, government regulations, individual traveler expenses, mobility policies – there’s an incredible amount of information to manage when it comes to business travel.
With changing views on work/life balance, increasing demand for flexible and virtual working, and the ease of travel and business communications, employees are considering their options and where ‘best’ to base themselves and their families - which might just involve working from home, in another country.
Do you know where your people are, and what they’re doing while they’re there? You may not; according to our recent Managing Mobility survey, some organisations struggle to get a handle on how many of their people are working internationally at any one time.
We’ve written recently about the importance of tracking your short-term business visitors (STBVs). But when it comes to the practicalities, that’s easier said than done. At our recent Business Traveller event, we spent a lot of time discussing how gathering data works in practice, and heard from companies that were at a range of stages in implementing STBV risk managed approaches.