FATCA List – June 2020
The US Internal Revenue Service’s list of foreign financial institutions (FFI) reporting under the Foreign Account Tax Compliance Act (FATCA) increased by 1,854 to 359,072 in
HMRC Explained
HMRC is short for Her Majesty’s Revenue and Customs. The HMRC collects the taxes and customs duties that the British government spends on public services.
Difference Between Residence and Domicile
For British expats, their residence and domicile determine how much tax they are likely to pay, both in the country where they live and UK.
Capital Gains Tax for British Expats Selling UK Property
Capital Gains Tax (CGT) usually applies to taxpayers who live in the UK, but special rules bring expats and other non-residents into the tax net
Tax Haven Companies Barred From Coronavirus Rescue Aid
Governments seeking to reduce their coronavirus bail-out exposure are excluding companies listed in alleged tax havens from bail-out cash. In a tit-for-tat measure, governments in
FATCA List – May 2020
The US Internal Revenue Service’s list of foreign financial institutions (FFI) reporting under the Foreign Account Tax Compliance Act (FATCA) increased by 4,070 to 357,218
HMRC Shows No Mercy In Hunt For Offshore Money
The tax man is still hunting down taxpayers suspected of hiding their wealth offshore despite suspending most other investigations. HM Revenue & Customs has put
Does The Coronavirus Lockdown Impact Tax For Stranded Expats?
While most people are worrying about their health and money during the coronavirus crisis, for expats tax is a concern as well. With billions of
Expat Portal For Paying UK Property CGT Goes Live
Expats who need to pay capital gains tax online after selling a home in the UK can log in to a new online tax service.
South Africa Expat Tax
South Africa expat tax is the new way tax is charged by the South African Revenue Service on income earned outside the country. You can
How 2020-21 Tax And Pension Changes Will Hit Your Pocket
April 6 marks a big day for UK taxpayers and state pensioners as the start of the new financial year that comes with several changes
American Expats Ignore FATCA Filing Rules
FATCA is failing to deliver as millions of Americans abroad ignore the law aimed at stopping tax avoidance, claim US expat accountants. The Foreign Account
Coronavirus – Tax relief for working from home
Working from home means you can claim some tax relief for some of the extra bills you have to pay depending if you work for
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 the
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,
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 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 for
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 cases.
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
