I recently commenced paid employment in The Netherlands and was surprised to discover a tax rate of 49.5%. This tax rate applies to earnings exceeding €73,000, a threshold I won't be reaching.
In my upcoming self-assessment, if I include my foreign income under the Double Taxation agreement, will my tax liability be limited to the UK tax rate? Can I expect a refund from the UK for the additional tax paid in The Netherlands, which would have been the same as the tax for similar work in the UK? Or do I need to reclaim that excess tax directly from The Netherlands?