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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

Trump Should Bin FATCA Now, Campaigners Urge

FATCA is a law that has had a huge impact on the financial world and American taxpayers, but few people in the United States...

Tax Cheat Crackdown Raises £5 Billion For Treasury

High profile tax fraud prosecutions helped reduce the tax gap by £5 billion last year. Film producers, accountants, financial advisors and investment bankers were jailed...

Boris Johnson Among Thousands Handing Back US Passports

British Foreign Secretary Boris Johnson was among the record number of American-born citizens handing back their passports last year. The latest Federal Register shows 5,411...
Repeal FATCA

Behind The Scenes Of The Repeal FATCA Campaign

Repeal FATCA campaigners have lifted the lid on some of the behind-the-scenes work going on for US expats in Washington. The Repeal FATCA campaign is...
Repeal FATCA

Repeal FATCA Pressure Builds Up For Trump

Pressure on US President Donald Trump to repeal the controversial Foreign Account Tax Compliance Act (FATCA) are growing. FATCA demands foreign banks and financial institutions...

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...

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