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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

Taxman To Tackle Wealthy Families With Trusts

Wealthy taxpayers who rely on trusts to avoid paying tax on their fortunes could come under attack from HM Revenue & Customs. The tax authority...

Golden Age Of Contracting Coming To An End

Chancellor Phillip Hammond has extended the controversial IR35 tax rules to private businesses to make contractors pay the same taxes as all other workers. If...

HMRC Tackles Footballers Over Suspected Tax Avoidance

The tax man is gunning for a slice of the billions of pounds paid to England’s leading soccer clubs and players. HM Revenue & Customs...

Shock Family Tax Bills For Ill Expats Gifting Unspent Pensions

Families of expats trapped in the UK’s wealth tax net could face a shock bill following a controversial court case. The Court of Appeal sided...

Budget 2018: Expat Contractors Under Tax Attack?

Chancellor Phillip Hammond is ready to crack down on self-employed expats who flout tax and national insurance rules. He has reportedly ordered the Treasury to...

Budget 2018: New Tax Break For Landlords Flagged

Chancellor Phillip Hammond is considering a new tax break to reward landlords selling buy to let homes to sitting tenants for his Budget 2018. A...

Home Owner Gets Tax Bill For Flat That Did Not Exist

Property investors must pay capital gains tax on homes that no one could live in because they had not been built, according to a...

What New Expats Should Do About Tax

Failing to understand expat tax is costly for anyone moving to a new country who ignores how the complicated rules impact their finances. Expats need...

UK Stamp Duty Surcharge Plan For Expat Home Buyers

Foreigners and expats who buy property in Britain will pay a rate of stamp duty, the government has announced. Prime Minister Theresa May broke the...

FATCA List – October 2018

Another 1,734 foreign financial institutions signed up to the US Internal Revenue Service’s FATCA list during September. The number of FFIs worldwide on the list...

Tax Filing Countdown Ticking Down For Expats

The final countdown for this year’s self-assessment returns has started - and anyone needing to register only has a few days to tell the...

Can Taxpayers Rely On Guidance From HMRC?

HMRC publishes tens of thousands of pages of technical guidance online - but can taxpayers really rely on what the information says? Probably not, according...

One In Four Families Checked For IHT Dodges

Tax investigators are targeting a quarter of bereaved families who they suspect of understating inheritance tax. HM Revenue & Customs has increased the number of...
FATCA

Banker Admits Fraud In First FATCA Prosecution

US federal authorities are celebrating the first successful prosecution under the Foreign Account Tax Compliance Act (FATCA). Adrian Baron, former chief executive and chief business...

Ignorance Of CGT Rules Is No Defence For Expat

An expat appealing against a fine for failing to file a non-resident capital gains tax return was thrown out by a tribunal judge. HM Revenue...

It’s Time To Celebrate Tax Freedom Day

British taxpayers have put in a shift of 148 days working to pay their income tax to the government this year - now they...

More People Paying Higher Rate Income Tax

More people are paying higher rate tax in the UK - and that’s official, according to the latest statistics. Despite tax rates falling as successive...

FATCA List – July 2018

The number of foreign financial institutions signing up for US Internal Revenue Service Foreign Account Compliance Tax Act approval has slowed. The list saw 7,071...

Greater Numbers Of US Expats Hand Back Passports

More Americans are cutting their ties with home than ever before because of tough tax rules imposed by the US government. Since the Foreign Account...

FATCA List – July 2018

Another 7,000 foreign financial institutions joined the US Internal Revenue Service in June. The latest list of accredited FFIs runs to 314,026 banks, trusts and...

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