Tax Creeps - Changing World for UK Expats
For the past two decades, we have witnessed an unrelenting rise in taxes across all sectors. Governments have consistently found reasons and excuses to justify these increases, burdening citizens with a growing financial load.
Abolishing the non-dom status - what does it mean for expats?
The UK's tax regime for non-domiciled residents (non-doms) is set for significant changes starting 6 April 2025.
The Problems Dealing with HMRC Abroad
The process of submitting tax returns and awaiting assessments can be daunting, often marred by delays that stretch from months to years. This episode sheds light on these challenges, particularly emphasising the experiences with HMRC and the efforts to improve the situation.
HMRC issuing late penalties for UK tax returns submitted on time
It has come to light that the HM Revenue & Customs (HMRC) has inadvertently issued late penalty notices to expatriates for their 2022/23 UK tax returns which were due online by 31 January 2024.
Make National Insurance Contributions for 2006-2016 by 5 April 2025
British expatriates have a unique opportunity to make up gaps in their national insurance records between 2006 - 2016.
Retrospective Tax for Properties Sold in Cyprus between 2021-2023
In 2021, Cyprus introduced a new property tax, ending years of debate and speculation about its implementation.. The new legislation stipulates that sellers of property in Cyprus are liable to pay a tax of 0.4% on the sale value at the time of transfer.
Tax Challenges for Footballers in the Saudi League
The trend of UK footballers moving to leagues like the Saudi League brings to light the broader challenges faced by expatriates. Understanding the tax implications and preparing for the adjustment process are crucial steps in making a successful transition to working abroad.
Discretionary vs Bare Trusts for British Expatriates
As a British citizen living or working abroad, understanding the nuances of trust law and its implications on your financial planning is crucial. Two common types of trusts that often come into consideration are Discretionary Trusts and Bare Trusts.
When do British expats need to submit a UK tax return?
Living abroad as a UK expatriate brings with it a host of exciting opportunities and experiences. However, it also carries certain obligations, particularly in the realm of taxation. Understanding when you are required to file a UK tax return is crucial in ensuring compliance with tax laws and avoiding potential penalties.
