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All the latest news and updates from the world of tax. We look at new trends in achieving tax-efficiency while assuming expatriate status, the ways in which double taxation can be avoided, the use of a QROPS or other investment wrapper to reduce tax liability, and for those with existing ties to America, we keep you abreast of FATCA and the ways in which the disruption to your life, and personal liability can be eased. Taxation for expats is a complex area, we aim to make sure our readers are au courant with the latest developments in the intricacies of tax efficiency

IRS Ready To Pull Passports For US Expats With Tax Debts

Alongside the face-off in the courts over Donald Trump’s executive order banning travel from some Muslim countries is a threat to snatch back passports...

Is HMRC Helping The Rich Avoid Paying Tax?

HM Revenue and Customs (HMRC) helplines are obviously anything but – unless you are a wealthy taxpayer. Anyone who has had to call HMRC for...

HMRC Refuses ‘In Specie’ Pension Tax Relief

Millions of pounds of tax relief claimed by retirement savers is at risk due to an official change of heart over topping up non-cash...

FATCA List – November 1, 2016

The US Internal Revenue Service (IRS) has added more than 16,000 new listings to the database of financial institutions worldwide declaring they meet the...

HMRC Targets Expats For Failing To Reveal Foreign Income

If you are living overseas but are still ta resident in the UK, expect a letter is in the post from your tax adviser...

FATCA List – December 1, 2016

Whispers around Washington DC that the Republicans will repeal the controversial Foreign Account Tax Compliance Act (FATCA) have not stopped financial institutions rushing to...

HMRC Takes Tax Disputes Online

Expats disagreeing with their UK tax assessments will soon be able to appeal decisions online instead of pursuing a face-to-face tribunal hearing. A new digital...
FATCA

IRS Nets $10 Billion FATCA Tax Haul

The US Internal Revenue Service (IRS) has netted more than $10 billion in secret offshore cash and investments. The controversial Foreign Account Tax Compliance Act...

Why Doesn’t HMRC Give Anything Back Without A Fight?

It can’t be right that HM Revenue and Customs (HMRC) knowingly takes more tax from hard working people and families simply by not explaining...

Buy To Let Tax Changes For Expat Landlords

Final details on how buy to let landlords should calculate their income tax on rental profits from April 2017 have been published at last...

Tax Filing Deadlines Approaching For British Expats

British expats who still pay tax in the UK need to take note of the upcoming rolling deadlines for notifying and completing tax returns. October...

Tax Breaks For Investors With Maxed Out Pensions

Savers who have paid as much cash as they can into pensions this year can look at tax incentives for investing in start-up companies...

Expats Stung By Higher Property Tax On UK Homes

Expats without a home in Britain are stung by having to pay higher rates of stamp duty when buying somewhere to live. Poor wording of...

Directors Risk Action For Selling Companies To Avoid Tax

The British tax man is warning that trying to save money by selling your company to one in Cyprus and switching earnings into capital...

FATCA List – September 1, 2016

Financial institutions worldwide are still signing up to show that they meet the requirements of the US Foreign account Tax Compliance Act (FACTA). The act...

Paying Up Front Tax Changes Avoidance Economics

The economics of tax avoidance have changed after HM Revenue and Customs (HMRC) collected £3 billion by demanding advance payments from wealthy individuals and...

Expats Guide To The Worldwide Disclosure Facility

If you are an expat and want to pay the right amount of tax to HM Revenue and Customs (HMRC) back in Britain, then...
FATCA

Judge Blocks Israeli FATCA Data Transfer As ‘Unfair’

FATCA does not work and its time more regulators and officials followed the lead of an Israeli judge who has ordered that work drafting...

Top Earning Expats Could Escape £1.68 Million In UK Tax

Wealthy expats fleeing Britain to maximise their cash could save an average £826,030 in lifetime taxes, according to new research. The figure is 2.7% more...
Inheritance

Non-Dom Tax Changes On The Way

Inheritance tax rules are changing for wealthy non-domiciled homeowners with property in Britain. The new measures are really the latest action to trigger an old...

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