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Old 20.04.2012, 15:01
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London/Geneva - double taxation

Am in the early stages of grappling with the tax implications of working in Geneva. The current plan is to typically stay 3 nights a week, plus a few weekends when the family will come to me and commute back to London for the long weekends.

My family will be staying put in London - certainly for the time being - and the pay will be in CHF with no deduction at all at source.

I am seeking some 'professional' tax advice, but the appointment isn't until next week, so would be grateful for any advice others may have in the meantime.

ie. in my circumstances will I be liable for swiss tax at all? - as I'm assuming I'll be 'resident' for UK tax purposes.
I'm anticipating being paid straight into a UK bank account - is there any advantage, I'm not aware of, paying the salary into a Swiss bank account in the first instance.
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Old 20.04.2012, 15:16
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Re: London/Geneva - double taxation

I am under the impression that if you have a work permit, you will be taxed at source in Switzerland.
If you do not have a permit, you will not be taxed, however you may be breaking the law working here.

What does your contract say? Is it through a UK company?
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Old 20.04.2012, 15:27
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Re: London/Geneva - double taxation

Its not a UK company (its based in Ferney Voltaire) and we're yet to see the contract, but the message from them is that they pay gross figures and individuals sort out their own tax affairs - ie. they don't make any deductions at all.

Perhaps very naively I assumed that they paid me (a newly formed for the purpose ltd. company) and that I'd pay the relevant UK taxes.

Am very happy to be corrected.
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Old 20.04.2012, 15:34
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Re: London/Geneva - double taxation

Search on here for 'IT contract'.
This may be interesting.

Hopefully your question has already been answered.

For sure you'll remain UK resident and liable to tax in the UK.
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Old 20.04.2012, 19:30
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Re: London/Geneva - double taxation

Some news from today, might be relevant:

http://www.swissinfo.ch/eng/politics...l?cid=32523290

Switzerland has decided to give in to demands by Britain to modify a planned bilateral tax treaty, after continued opposition to the accord.

The finance ministry on Friday said both sides agreed to raise the minimum rate to legalise untaxed assets from 19 per cent and 34 per cent to between 21 per cent and 41 per cent, similar to a deal between Switzerland and Germany.

The agreements still need approval by all the country’s parliaments in order to come into force next January.

http://www.efd.admin.ch/themen/wirts...x.html?lang=en
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