The list below is a collection of articles that refer to, mention or discuss Tax Advice and Tax Planning.
You don’t have to be a full time expat to fall under the tax rules of non resident landlord scheme. Although most people would take non-resident as a landlord living permanently outside the UK, the scheme follows a different logic. Strict rules decide how any income tax on property rental profits is paid, so getting … Read more
The tax man is about to crack down on pension savers who have failed to report that they have breached the annual allowance. HM Revenue & Customs has fired a warning shot to retirement savers to bring their records up to date when filing their self-assessment tax returns by January 31, 2020. “We know that … Read more
Everyone wants their savings to work harder, and for British expats offshore bonds are a good way to squeeze every penny out of an investment. Offshore bonds are effectively a portfolio of up to 100 insurance policies that hold savings in a tax-efficient wrapper. The main advantage of saving into an offshore bond is ‘gross … Read more
Expats will soon collect their coding notices from the tax man, but what does the strange jumble of numbers and letters mean? Recently, tax codes have changed depending on which country in the UK where someone lives. For expats, the tax coding will appear on a Form P60 from HM Revenue & Customs which lets … Read more
As the new decade starts to build up steam, many people will be thinking about their finances, work prospects and plans for retirement. There’s a lot to consider about giving up work – from whether to stop completely or to keep a hand in by going part-time. If you are thinking about retirement, here are … Read more
Fund managers are worried that a Brexit trade deal will see the government scrap or restrict tax breaks on hugely successful investment schemes that have raised billions of pounds for businesses. The Enterprise Investment Scheme Association (EISA) wants the government to overhaul the Enterprise Investment Scheme and Seed Enterprise Investment Scheme now the UK has … Read more
Venture capital trusts are sweeping up more money from investors as the opportunity to stake savings in other tax efficient investments dries up. In 10 years, VCT investment has surged by 375% to £731 million as tax changes have knocked other investments, such as pension saving and buy to let. VCTs back small, new companies … Read more
Few people understand tax and how the rules impact the money in their pockets, according to new research. Out of 2,000 people quizzed about tax, the average score out of 30 was just 10.6 – while half of those taking the quiz scored less than 10. The lowest scores came from the youngest people asked … Read more
Buying and selling cryptocurrencies can be a minefield for taxpayers who fail to keep accurate records, according to a leading online trading platform. In Britain, HM Revenue & Customs (HMRC), online platform eToro and the accounting trade body ICAEW recently got together to offer tax advice to crypto traders in a webinar. The online discussion … Read more
People have grave concerns about a traditional funeral and are opting for cremations instead. Four out of five funerals in the UK are cremations and relatives and loved ones are looking for more memorable and unique ways to celebrate their loss. Spreading ashes has become more important than the funeral service, with families and friends … Read more