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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

Time Running Out For FATCA Repeal Action

Time is running out for Washington senators to back the repeal of the controversial Foreign Account Tax Compliance Act (FATCA). Politics in Congress is all...

Expat Landlords Urged To Catch Up With Tax

If you are a British expat letting out a home while living overseas, you could be in for a nasty tax shock. HM Revenue &...
FATCA

Scrap FATCA Now, Demand Campaigners

Campaigners have sent an open letter to US Treasury Secretary Steve Mnuchin demanding that the government acts to scrap controversial laws exposing banking secrecy. The...

HMRC Intimidates Taxpayers Into Paying Up

Threatening to take taxpayers to court if they dispute HM Revenue & Customs rulings has helped boost the self-assessment tax take by £1.4 billion. Extra...

Paradise Paper Politicians Slated For Sensationalist Views

Politicians whipping up a frenzy over the Paradise Papers tax haven revelations are misguided, according to the boss of a leading expat financial advice...

Paradise Papers – What Are They And Who Is Involved?

The Paradise Papers are a huge leak of legal documents and emails stolen from international law firm Appleby, which provides offshore tax advice to...

Expat Wins CGT Challenge Against HMRC Penalties

HM Revenue & Customs has lost another challenge by an expat property owner against unfair charges for failing to file a capital gains tax...

Expats Set To Lose Valuable Tax Breaks

Expats could lose one of the most valuable tax breaks in Europe if The Netherlands government goes ahead with proposals to shake up the...

Expat Landlords Urged Not To Miss Tax Filing Deadline

Expat landlords hoping to file a paper self-assessment return need to make sure they hit this month’s deadline. Landlords should have their return with HM...

Critics See Room For Improvement In Airbnb Taxes

News that accommodation web site AirBnB paid on £200,000 in corporation tax on £675 million of rents from customers in the UK last year...

Pension Savers Who Have To Pay For Taxman’s Mistakes

The taxman makes a lot of mistakes, and the strange thing is you will be chased if you owe money but not as much...

Complicated IHT Tax Take Goes Up Despite New Nil Rate Band

The Treasury’s inheritance tax take is up by nearly a fifth despite a new relief designed to save families paying death duties. HM Revenue &...
FATCA

US Expats Step Up Pressure To Repeal FATCA

Expat Republicans are delivering a petition to President Donald Trump calling for the end of citizen based tax for US nationals. Campaigners have collected thousands...

FATCA List – October 2, 2017

More than half the foreign financial institutions on the IRS FATCA reporting list come from just six countries. Out of the 294,173 registered institutions, 157,176...

Portugal Mulls Pension Tax For Expats

British expats in Portugal may soon face paying bigger tax bills as the government considers shaking up non-habitual resident rules. The current regime allows expats...

HMRC Launches New Simple Digital Tax Filing For Expats

Hundreds of expats can expect to receive a letter from HM Revenue and Customs telling them that they have been switched to a new...
FATCA

Two-Thirds Of US Expats Resent IRS Tax Filing And FATCA

Huge numbers of the 9 million US expats living around the world are fed up with the IRS and resent tax filing from their...

Give Silver Entrepreneurs Pension Tax Breaks, Urges IoD

Retirement is out of the question for entrepreneurs who have found success in business. One in six have no plans to retire, says a survey...

HMRC Claims Tax Penalties From 1m By Mistake

The tax man has chased almost a million people for late-filing penalties that they did not owe. The innocent taxpayers received threatening letters and calls...

FATCA Lobby Vows To Fight On After Another Legal Setback

Expats have vowed to carry on their fight to challenge the controversial Foreign Account Compliance Tax Act (FATCA) despite setbacks in the courts. The Republican...

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