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In addition to the latest headlines on tax changes and developments, the Money International tax writers are also providing the tips, deadlines and scams you need to know to make the most of your finances.

News includes information on the latest FACTA developments from the USA, HMRC from England, and other updates from leading financial centers.

We’ll also keep you informed on sanctions and developments taking place within smaller countries – so you can understand the nuances which shape the tax landscape.

In essence, we provide you with the breaking tax news you need to understand how to protect and grow your wealth – wherever you are in the world.

Updates and analysis on the latest tax news, including economic advancements, FATCA and HMRC developments and general international tax information. Including the best methods of tax efficient saving and earning, and any important changes to legislation.

experts are warning that as many as 90,000 wealthy retired investors could lose significant amounts of money because they are not holding their investments in tax-efficient wrappers. The warning follows Chancellor Phillip Hammond’s grab for revenue from investors by slicing 60% off the £5,000 tax-free dividend allowance. The measure was announced...
A tax row has kicked off about millions of pounds English Premier League footballers and managers earn as image rights. Image rights are payments for advertising and endorsements paid to the players and managers for lending their name to promote a product or service. The money comes from activities such as...
Wealthy sports stars and celebrities have suffered two major tax avoidance defeats at the hands of HM Revenue & Customs (HMRC). In the high-profile Eclipse Partnerships case, the Court of Appeal ruled for HMRC against one of Eclipse’s 31 partnerships to fund media projects. The case involved around £635 million of...
Many over 55s have more than enough cash from their savings and investments without having to touch the money banked in their Qualifying Recognised Overseas Pension Scheme (QROPS). The question for these savers is how to pass unspent money in a pension pot on to their families and loved ones. Whether...
You may believe you are an expat because you have lived overseas for a while, but under complicated rules this may make no difference to your tax status. These rules are important because they determine if you are resident in the UK for paying tax on your earnings and capital...
Lawyers are predicting the end of banking secrecy around the world as increasing numbers of countries bring in legislation to satisfy voters angry at claims of companies and the wealthy dodging billions in tax. The moves are being led by the US with the Foreign Account Tax Compliance Act (FATCA)...
Mayor Johnson Thinks We Should Thank the Rich
The Mayor of London spoke to an audience of Londoners through a column in The Daily Telegraph suggesting they show gratitude to the rich for the tax-paying contribution to the economy. Many were outraged at this claim, particularly as so many families in London are having trouble making ends meet. Outspoken...

Inheritance Tax Checklist

Making a financial inventory of your life sounds easy, but listing what you own of value and what you owe can take some time to work out. The list should be detailed and it might help to label small belongings of value to give your executor or loved ones some...
Stopping offshore tax avoidance by 56,000 UK taxpayers has raised £1.3 billion in unpaid tax, according to figures from HM Revenue & Customs (HMRC). The haul is part of an extra £24 billion clawed back by HMRC last year as a crackdown on tax dodgers begins to bite. The extra cash...
Celebrity Tax Evaders

Celebrity Tax Evaders

Tax avoidance has been a hot topic since the G20 summit. Many different governments have come out making statements on their revitalized stance against tax crime. Surprisingly, criminals are not always the stereotypical businessmen, many celebrities have been caught for committing tax fraud. Martha Stewart The first on our list was...
US expats swamped by a welter of financial reporting forms from the Internal Revenue Service (IRS) and US Treasury may have an easier time in future if the organisations take up suggestions to merge requests for duplicate information. In a bid to tackle offshore tax evasion, the US government has...
Chancellor George Osborne seems to have painted himself into a corner over tax on pensions with his raft of new measures to help over 55s have easier access to their pension cash. On the one hand, Osborne has swept away annuity rules and complicated drawdown rules that more or less...
Expats with self-assessment tax return problems can put question directly to HM Revenue & Customs (HMRC) through a new online chat forum. Tax experts are ready to answer general questions about income tax and completing self-assessment tax returns in the run-up to the final filing date of January 31, 2015. The...
Tax changes and tougher mortgage lending rules have put the brakes on buy to let borrowing by property investors. Banks and building societies report landlord borrowing has dropped by 19% in a year mainly due to a government onslaught to stop landlords buying homes to rent. Mortgage lending in March was...
British taxpayers are urged not to ignore tax investigation letters from HM Revenue & Customs (HMRC) following a change in the way their responses are considered. Taxpayers facing a serious tax fraud inquiry under the Contractual Disclosure Facility (CDF) no longer have the right to deny the offence. HMRC says suspected...