I work in Norway as a Scottish Company and pay full Norwegian Tax and NI and Employers NI to Norway.
In the UK I offset my comapny's Corporation Tax liability with the foreign earned income tax under DTR - Double Taxation Relief. The rational is that it is tax on the same source income.
I am just double checking whether Employers NI paid overseas can also be used to offset UK Corporation Tax in the same way as Foreign Income Tax.
Many thanks in advance.
WS
Replies (4)
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I would question why the Emplorers NI is being deducted? Is it on your salalry? If so, then I would agree it can be offset agiinst Corpoartion Tax
Employers NI is a social security tax, it is not a tax on profit so I can't see how it could be offset against CT a tax on worldwide profit.