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Tax

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 lawyers urge IRS to dilute FATCA rules for insurers

US tax lawyers are urging the Internal Revenue Service (IRS) to water down some of the more costly elements of new tax enforcement laws...

Firms find FATCA too confusing

More than 200 legal, accounting and financial firms were asked how they were coping with FATCA - and more than 50% had no idea...

Clock ticking for taxpayers with undeclared Swiss accounts

HMRC has upped the ante for British taxpayers with holdings in Swiss bank accounts by increasing the one-off tax payment to 41% of their...

Expats in France needn’t fear France’s trust clampdown

A report on the Daily Mail’s ‘This is Money’ website claims the 200,000 British expats in France are in a frenzy as they face...

New UK tax avoidance laws for wealthy and business

The UK government has announced consultation on new laws aimed at limiting tax avoidance for the wealthy and business. The general anti-abuse rule (GAAR) aims...

Expats in France face Hollande tax blitz

Expats in France face a tax blitz from new socialist President Francois Hollande while many are still dealing with the fall out of from...
HMRC

HMRC wins FURBS tax refund appeal

HM Revenue and Customs has tried to shut the door on funded unapproved retirement benefit schemes (FURBS) claiming millions of pounds in national insurance...

Expats avoid UK Airport Tax

Expats and frequent fliers are avoiding UK airport taxes by rerouting their long-haul trips. One in 10 expats visiting Britain are saving hundreds of pounds...

US signs two-way FATCA information deals with EU

The US government is tightening the net on tax cheats by signing two-way information-swapping deals with five European Union countries. The Foreign Account Tax Compliance...

Will FATCA make more Americans renounce their citizenship?

Most Americans you meet are fiercely proud of their nationality. Yet some of the 6 million or so Americans living overseas are finding that...

Passport snatch law could strand expats overseas

Expats with US passports fear they could be marooned overseas if they fall foul of new tax laws proposed in Washington. Any US taxpayer owing...

Judge rejects HMRC bid to see expat’s private court papers

Crafty tax investigators are trying to unlock confidential divorce court documents to pursue a claim for unpaid tax against an expat husband who handed...

Expat loses £100,000 tax case after holiday visit to UK

Expats confused over their residency status need to take specialist advice before returning to the UK. The latest expat to fall foul of residency rules...

Basic FATCA advice

The question to answer when deciding whether the FATCA legislation imposes any obligations on you is to is whether you are a US citizen....

HMRC turns up the heat on offshore tax cheats

The new penalties will be slapped on offshore investors who evade tax by failing to tell HMRC about the full extent of their holdings. HMRC...

FATCA dilemma of not telling the IRS your financial secrets

FATCA - the Foreign Account Tax Compliance Act - effectively recruits foreign financial institutions as unpaid tax officers for the Internal Revenue Service (IRS). The...

How do I know if FATCA applies to me?

The US government is very specific about who financial disclosure applies to under the Foreign Account Tax Compliance Act (FATCA). The law orders foreign financial...

GAAR forces wealth managers to stop specialist tax advice

New far-reaching UK government rules aimed at trapping tax cheats are forcing wealth managers to pull the plug on special schemes to avoid taxes. Chancellor...
FATCA

FATCA, Lebanese banks ready to spill financial secrets

Lebanese banks are ready to give up their financial secrets about wealthy US clients under the Foreign Account Tax Compliance Act (FATCA). Often referred to...
Swiss whistle blowers give up tax cheats

Swiss whistle blowers give up tax cheats

Hundreds of secret bank accounts have been uncovered in two Swiss banks after whistle blowers handed sensitive information about customers to the UK tax...

The Expat Brexit Survey

The Expat Brexit Survey

Have your say about Brexit and how leaving the European Union will affect your life, work and retirement, take a few minutes to give...

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