expat network

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...

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...

HMRC Crackdown On Airbnb Tax Evasion: How Could It Affect Some Hosts?

Airbnb’s success is truly amazing. The story began in 2007, when the first two Hosts welcomed three guests to their San Francisco home. Airbnb now has more than 4m Hosts worldwide who have welcomed more than 1.5bn guests in more than 220 countries. Article written by GoSimpleTax There are hundreds of thousands of active UK...

UK Inheritance Tax

Long Term UK Expats May Face Huge UK Tax Charges

UK expats who have lived abroad for many years often remain UK-domiciled and therefore liable to UK Inheritance Tax (IHT). The rate of this tax might be considered penal. It is currently 40% on the total value of the estate of a deceased after the exemptions. It is an additional tax payable on capital accumulated...

Move From The UK To Dubai

What UK Tax Will You Pay If You Move From The UK To Dubai?

More than 120,000 expat Brits are reported to live in Dubai, the UAE’s second-largest emirate (Abu Dhabi is the biggest). Many are attracted by Dubai’s sunny climate, as well as its family-centred, clean and safe environment (serious crime is almost non-existent). Article written by GoSimpleTax The beaches are beautiful, and while its traditional Arabic heritage...

HMO landlord

Key Tax Facts For Current And Would-Be HMO Landlords

There are reported to be about half a million “HMOs” (ie houses in multiple occupation) in the UK. A rented property is considered an HMO if at least three tenants live in it and they make up more than one household, with shared toilet, bathroom and/or kitchen facilities. Written for Expat Network by GoSimpleTax Typically,...

UK Landlord

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...

Making Tax Digital For Income Tax

Making Tax Digital For Income Tax Delayed: So, What Should You Do?

In December 2022, the government announced its decision to delay introducing Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) for two more years until April 2026.  What should you do? Article written for Expat Network by GoSimpleTax The government says it has done so because it...