expat network

Registering For Self Assessment As An Expat

So, you’ve finally decided to up sticks and go and live overseas. Maybe it’s the British weather, the cost of living or simply that you can no longer resist the appeal of living in another country (probably one with sunnier weather). Perhaps you’re already living the dream in another country. Moving overseas means you’ll be...

I Haven’t Filed A U.S. Tax Return In Years. What’s The Risk?

Many Americans living abroad have proclaimed, “I’m so glad I don’t have to file U.S. taxes anymore.” Sadly, many of them get high fives! The taxation of Americans abroad is complex, requiring guidance from someone other than your dad. Many Americans do have U.S. reporting obligations and some penalty exposure. Learn more because the only...

FAQs: Completing A Self Assessment Tax Return For Previous Tax Years

Answers to frequently asked questions for UK taxpayers about completing and filing Self Assessment tax returns for previous tax years. Article written for Expat Network by GoSimpleTax Why might I submit Self Assessment tax returns for previous years? A common scenario is where HMRC has issued a notice to file a Self Assessment tax return,...

What UK Tax Will You Pay If You Move To Australia?

What’s not to love about Australia? The seemingly continuous warm, sunny weather means people can enjoy their lives in the great outdoors for most of the year. Australia’s cities are ultra-modern and the natural environment is stunning, especially the beaches, which attract huge numbers (85% of Australia’s population live within 30 miles of the coast). ...

Leaving The UK: Make Sure To Tick All The Tax Boxes

Moving abroad can be an exciting time, with the many opportunities that lie ahead and the countless new memories to be made. However, dealing with the financial side of things may not always be as exciting and can be rather daunting. From declaring your UK-based income and expenses to arranging your rebate and meeting all...

The UK Tax Residence Test And Expatriates – Are You Sure You Have Escaped UK Taxation?

The UK statutory residence test determines whether or not individuals are resident in the UK for tax purposes. It can continue to impact British expatriates more than you realise, so it’s important to understand the rules and follow them carefully where necessary. Written by Jason Porter of Blevins Franks You may be settled in a...

Six Ways To Spring Clean And Better Manage Your Business Finances And Tax Admin

With the weather getting slightly warmer and the world outside starting to look much greener, spring has most definitely sprung. It’s the time of year when many of us decide to spring clean our homes, an end-of-winter custom that’s thousands of years old. Thorough spring cleaning can transform our living spaces, leaving us feeling revitalised,...

UK Tax Rebate When You’re An Expat Brit

How To Claim A UK Tax Rebate When You’re An Expat Brit

So, you’ve finally done it. You’ve left the UK to go and live overseas, perhaps for a less stressful life in a sunnier place where you can experience the local culture, find new friends and enjoy your new home. How could life get any better? Well, suddenly finding out or remembering that you can claim...

COVID stimulus checks

Last chance for US expats to claim up to $3,200 in COVID stimulus checks

As a US expat, you’re exploring the advantages of life overseas. But there’s one opportunity you don’t want to miss – claiming your U.S. government COVID stimulus checks, otherwise known as Economic Impact Payments, which can amount to up to 3.200 US dollars. The final deadline of June 15, 2024, is fast approaching!  This is not...

renounce U.S. citizenship

Top Reasons Why Americans Abroad Want To Renounce Their U.S. Citizenship

While the annual tax season can be stressful for filers, the burden is even greater for Americans overseas. About 9 million U.S. citizens live abroad, the U.S. Department of State estimates. Nearly a quarter of U.S. expats are “seriously considering” or “planning” to renounce U.S. citizenship according to 1040 Abroad. For those looking to renounce citizenship,...

Six 2023/24 Tax Year Changes You Should Know If You’re A UK Landlord

April 6, and that can mean only one thing – the start of the new UK tax year. It’s when most changes to UK tax rules come into force, which can be good or bad news for you and your rental income. It can also be the perfect time to make tax less of a...

Landlord Self Assessment Tips – How To Complete Your Tax Return

Many UK landlords, possibly you included, do their own annual Self Assessment tax returns, even though it’s a task that most dislike. It’s boring and it takes up precious time you would rather spend doing anything else. Here are our landlord self assessment tips. Article written by GoSimpleTax But you can save a few quid...