Tax

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.

Tax Fraudsters Lose Right To Deny Wrongdoing

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 fraudsters seemed confused over … Read more

Categories Tax

HMRC Tax Crackdown On Expat Landlords

Expats landlords letting homes in the UK are starting to receive threatening letters from HM Revenue & Customs (HMRC) abut unpaid tax. As HMRC comes under increasing pressure from the government to collect more tax, property investors are increasingly targeted because the nature of their investment is easy to track. HMRC reckons landlords are avoiding … Read more

Categories Tax

Russia Still In A Panic Over FATCA

Russia’s still in a panic over the US government stalling talks over the Foreign Account Tax Compliance Act (FATCA). The international tax network is triggered on July 1, 2014. From that date any foreign banks and financial firms must report the status of any accounts and investments held by customers who are US taxpayers. Failing … Read more

Categories Tax