Home Tags Offshore

Tag: Offshore

The list below is a collection of articles that refer to, mention or discuss Offshore

New Tax Probe For Wealthy Offshore Investors

Letters from the tax man are dropping on the doormats of wealthy investors with money in offshore collective investment funds. The letters are part of...

£125m QROPS Tax Windfall Plan Flops For HMRC

Plans to raise millions of pounds from retirement savers from the QROPS overseas transfer charge have flopped. HM Revenue & Customs forecast a £125 million...

QROPS Tax Hacks For British Expats

British expats can transfer their UK pension savings to a pension in another country - but they could fall foul of tax implications. HM Revenue...

QROPS Transfer Delayed For Two Years After Advice Mix-Up

The Financial Ombudsman has censured a pension provider for wrongly ordering a client to pay the QROPS overseas transfer charge. The complaint was made by...

Tax Crusade Looks To Raise £30m From Contractors

The tax crack down on contractors is continuing as HM Revenue & Customs seeks to raise nearly £30 million from employment status investigations. HMRC still...
FATCA Tracker

FATCA List – August 2019

The US Internal Revenue Service’s list of foreign financial institutions reporting under the Foreign Account Tax Compliance Act (FATCA) increased to 341,729 in July...

QROPS Pension Transfers By Expats On The Rise

QROPS offshore pensions are still popular with expats, according to the latest official data. In 2018, 5,000 expats switched funds from a UK pension or...

TV Celebrity Falls For £1m Pension Scam

Offshore pension scams costing savers up to £4 billion a year are set to become the next big financial scandal, claims a former minister. A...

QROPS Offshore Pension Benefits For Expats

Thousands of British expats have transferred billions of pounds into QROPS offshore pensions, but many more expats could benefit if they realised the benefits. QROPS...
FATCA Tracker

FATCA List – July 2019

The US Internal Revenue Service’s list of foreign financial institutions reporting under the Foreign Account Tax Compliance Act (FATCA) remained at 335,778 in June. The...
tax pay

Tax Havens Pledge To Lift Company Ownership Secrecy

Three of Britain’s tax havens are ready to lift their veils of secrecy over the mystery owners of thousands of offshore companies. The British Crown...
Tax Free

13 Countries Where Expats Can Pay Zero Tax

If you are looking to protect your wealth by moving to a low-tax country, international consultancy firm KPMG has published the information you need. A...

How to choose a QROPS adviser

A good QROPS adviser can help your pension prosper, but picking the right person to manage your biggest financial asset can be a daunting...

Malta QROPS Advice Shake-Up Impacts Thousands Of Savers

Thousands of expats who have switched their retirement savings in to Malta-based Qualifying Recognised Offshore Pension Schemes need to check that their financial advisers...
FATCA Tracker

FATCA List – June 2019

The US Internal Revenue Service’s list of foreign financial institutions reporting under the Foreign Account Tax Compliance Act (FATCA) grew by 3,038 in May. The...
FATCA Tracker

FATCA List – May 2019

The US Internal Revenue Service’s list of foreign financial institutions reporting under the Foreign Account Tax Compliance Act (FATCA) grew by 6,651 in April. The...

HMRC Makes Reclaiming QROPS Transfer Charge Easier

Expats who have wrongly paid the QROPS overseas transfer charge have a new set of rules to follow. The Pension Schemes (Information Requirements – Repayment...
FATCA Tracker

FATCA List – April 2019

The US Internal Revenue Service’s list of foreign financial institutions reporting to them under the Foreign Account Tax Compliance Act (FATCA) increased by 4,440...

3m Taxpayers Holding Offshore Accounts Under Scrutiny

Overseas tax authorities have revealed the tax secrets of around 3 million UK taxpayers with offshore accounts in more than 100 countries. Masses of information...
FATCA Tracker

FATCA List – March 2019

The US Internal Revenue Service’s list of foreign financial institutions reporting to them under the Foreign Account Tax Compliance Act (FATCA) shrunk by 1.440...