Tax whilst working in the US/other

VickyLeigh1983

I'll shortly be working overseas on a rotational basis, for a US company who will be paying me in USD into a US bank account (that they are setting up).

I will be looking to transfer most (if not all) of the money across to a UK bank account to pay bills etc whilst I am away and am concerned about tax implications.

Will I need to do a tax return and what about NI contributions?

I've been advised (by others doing similar roles for the same company) that as the money is not being paid directly into my UK account by my employer then there shouldn't be any tax implications, but I don't want to get caught out obviously!

Any advice welcome. Thanks in advance

MacPingu1986

Couple of strands to this:

Firstly the good news - It's irrelevant what bank account any income is paid into, and there's no restrictions in the UK on moving funds between a UK and US account - so that bit is easy and no problems.

The more complicated bit will be your tax residency for the affected tax years and whether you end up with dual tax residency in UK / US.

First question is how long will you be working in the US for? (and assume you'll be travelling to and working from the US for this period, ie: it's not remote working from the UK?

Bookworm105

as above, the issue is not what bank account receives money, it is where are you tax resident and therefore whose jurisdiction are you under in terms of owing tax to whom 

one positive, you won't pay tax on any exchange gains when converting $ to £ (but nor can you claim tax relief on any losses)