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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 investment wrappers to reduce tax liability, planning tips for South African Expat Tax laws 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

Tax

Tax Man Wants To Bin Paper Returns To Save Money

Expats expecting to file a paper self-assessment tax return will have to go online as HM Revenue & Customs has scrapped automatically sending out...

US Expat Tax Filing Countdown Ticking Down To Deadline

The tax filing season is counting down to the deadline of June 15 for US expats around the world. Although that seems a way off,...
Expat Contractors

IR35 Contractor Tax Overhaul Postponed For A Year

Expats snared in the controversial IR35 off payroll working rules have won a reprieve as the government announces shelving the measure for a year. The...
Tax

Tax Is Inevitable But You Can Put Off Paying, Legally

Keeping an eye on the tax you pay is good financial management, but keeping up with constantly changing rules is a tough call even...

Alchemy Tax Scheme Fails To Work Magic At Tribunal

A tax avoidance scheme has lost a landmark case that could see HM Revenue & Customs claw back more than £110 million from linked...
Inheritance tax

Inheritance Nightmare For A Dream Home

Expats are caught in the web of cross-border tax when they make the choice to live outside the country where they were born. Buying a...

HMRC Doesn’t Know What It’s Doing With £155 Billion Tax Reliefs

The tax man is doling out billions in tax reliefs but doing little to monitor where the money is going, says a watchdog report. Tax...
USA-Flag

No FATCA Relief For Accidental Americans

Tax filing is on the way for Accidental Americans but those who hoped for some FATCA relief  face disappointment. The US Internal Revenue Service has...
FATCA Tracker

FATCA List – February 2020

The US Internal Revenue Service’s list of foreign financial institutions (FFI) reporting under the Foreign Account Tax Compliance Act (FATCA) increased by 1,983 to...
property taxes

Tax Changes For Foreign Companies Owning UK Property

Expats who own property in the UK will pay corporation tax on their profits for the first time from April, according to new guidance...
tax pay

Britain’s Top Taxpayers Revealed

Britain’s top 50 taxpayers handed the Treasury more than £2 billion in taxes last year. The tax list published by The Sunday Times includes  corporation...

What Happens If Your Tax Filing Is Late?

Every year hundreds of thousands of taxpayers miss the midnight tax filing deadline on January 31 and worry about the fines and penalties they...

Tax Man Wants Software To Snoop On Crypto Trades

The British tax man is urging software developers to come up with an app that tracks cryptocurrency transactions to stop money laundering and tax...

Tax Filing Countdown Has Started For UK Expats

The tax filing countdown has started in the UK - and soon taxpayers will find it’s too late to avoid automatic fines if they...
FATCA Tracker

FATCA List – January 2020

The US Internal Revenue Service’s list of foreign financial institutions (FFI) reporting under the Foreign Account Tax Compliance Act (FATCA) increased by 415 to...
Expat Contractors

Expat Contractors May Fall Into IR35 Tax Net

Tens of thousands of contractors working for their own companies face pay cuts and extra tax bills from April. Workers often choose to take contracts...

HMRC Quizzes Tenants About Expat Landlord Tax

Buy to let tenants are being urged to turn whistle blowers to help the tax man crack down on rogue landlords. HM Revenue & Customs...
FATCA Tracker

FATCA List – November 2019

The US Internal Revenue Service’s list of foreign financial institutions reporting under the Foreign Account Tax Compliance Act (FATCA) increased by 1,500 to 347,162...

How To Give Cash To Grandchildren And Minimise Tax

Kind-hearted grandparents are keen to find ways to help their grandchildren financially. Their plans range from gifting property and large sums of money to tax...
Brexit

Brexit Tax Shocker On The Way For Brits With Property In Europe

British landlords with holiday homes to let in Europe will face extra taxes after Brexit. Paying more tax is an unforeseen consequence of Brexit that...

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