When Relocating to London Becomes Taxing…(Part V)

Wrapping up our series on how taxes work in the UK, another aspect of UK taxation that will impact you when you visit or move to London is VAT, or Value Added Tax. Basically, you pay VAT as a sales tax each time you purchase a good or service.  What usually takes Americans a while […]

When Relocating to London Becomes Taxing…(Part IV)

Rolling forward with my series on UK taxation (don’t worry, it’s almost over if you’re going comatose), I just wanted to address tax implications for company benefits and other extras. If you receive tips or bonuses from your employer—or even non-monetary benefits, such as a company car—you may have to pay UK taxes and National […]

When Relocating to London Becomes Taxing…(Part III)

Hoo-rah, folks, I’m back to continue my thrill-and-a-half series on how taxes work in the UK.  Yesterday, we went over UK tax rates for individuals; today, we’ll sort through National Insurance rates, which go toward UK social security benefits.  Let’s roll. As an employee, you will pay Class 1 National Insurance (“NI”) contributions: – 11% […]