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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

FATCA List – June 4, 2017

Despite campaigners lobbying to repeal the Foreign Account Tax Compliance Act (FATCA) introduced by former US President Barack Obama, the list of foreign financial...

Number Of Top Rate Taxpayers Jumps By A Third

The number of top rate income taxpayers has jumped by a third in five years to record levels, according to new official statistics. HM Revenue...

400,000 US Expats Ready To Renounce Citizenship Over FATCA

Around 400,000 American expats have plans to renounce their US citizenship mainly due to strict FATCA tax rules, according to a new survey. The poll...
FATCA

FATCA protests taken to US Congress

Protests are rising against the US Foreign Account Tax Compliance Act (FATCA) as a coalition of 23 groups is lobbying Congress to repeal the...

Time Running Out For Tax Avoiders As Data Deadline Approaches

Time is up for wealthy people with undeclared cash and investments hidden in offshore accounts to avoid tax. The first reporting date for financial institutions...

Call To Make Unfair FATCA A Two-Way Street From EU

FATCA is unfair to Europe because the US government is not playing fair with tax information by failing to swap data. Members of the European...

FATCA List – May 2017

The list of financial organisations signing up to show compliance with the US Foreign Account Tax Compliance Act is still growing. FATCA demands financial institutions...

Are You Among Britain’s Richest Targeted To Pay More Tax?

Politicians are always talking about the rich or the wealthy, the well-off or those with the broadest shoulders and the taxes they pay –...

How To Pay Less Tax With A Pension

Most people would like to see their money go further but lack the financial expertise to make the most of their pension and savings. But...
FATCA

US Expats FACE FATCA Tax Filing Dilemma

American expats fear a crackdown by the US Internal Revenue Service (IRS) if they fail to declare their offshore cash and investments under the...

Death Tax Plan Shelved As Parliament Runs Out Of Time

Unpopular plans to increase the cost of probate on a dead person’s estate have been shelved by the government. Justice Secretary Liz Truss pulled the...

Estate Planning For Expats

If you are an expat and what to do some serious tax planning, you need to know the difference between tax residence and domicile. Both...

Accidental Americans Caught In FATCA Net

More unforeseen consequences of the controversial US Foreign Account Tax Compliance Act (FATCA) have emerged affecting hundreds of thousands of taxpayers worldwide. A major concern...

Offshore Banking Secrecy Disappears As Tax Network Opens

Private banking is truly becoming a thing of the past with the introduction of the common reporting standard (CRS). Like the US FATCA, the new...

Where Do Expats Pay Their Tax?

Moving countries creates tax-saving opportunities for expats but seizing them involves more than just shifting a home to a new location. Personal tax is paid...
Repeal FATCA

FATCA Dubbed A Failure By Repeal Campaigners

The Foreign Account Tax Compliance Act (FATCA) is a failure and has not generated enough cash to run the government for more than 30...
FATCA

Campaigners Turn The Screws On FATCA

Congress may finally pull the plug on the controversial Foreign Account Tax Compliance Act (FATCA) tax law. Anti-FATCA campaigners Rep Mark Meadows and Sen Rand...

FATCA List – April 1, 2017

Almost 4,000 financial institutions signed up to the US Foreign Account Tax Compliance Act in March. FATCA demands the financial institutions tell the IRS about...

What Do You Know About New Pension And Tax Rules?

April 6 is the start of the new financial year, and this year, a host of new pension and tax rules start. As a retirement...

Buy To Let Tax Changes On The Way For Expat Investors

Buy to let tax changes in Britain are going to impact expats – but not as badly as many believe. Landlords renting out homes in...

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