expat network
Making Tax Digital

How Will Making Tax Digital Affect Non-UK Residents And Non-Doms?

The next stage in the rollout of Making Tax Digital (MTD) will be MTD for Income Tax, which will be introduced in 2026. This will transform the way that self-employed people and landlords pay their taxes in the future.  How should you report foreign sources of income, and how are you affected if you’re...

What tax do landlords pay on UK rental income?

What Tax Do Landlords Pay On UK Rental Income?

There are about 2.6m private landlords in the UK, and although some have large, lucrative property portfolios, 43% of private residential landlords in England rent out just one property. About 39% rent out two to four properties, while 18% rent out five or more. It’s a similar story elsewhere in the UK.  What tax...

UK Inheritance Tax And Domicile

UK Inheritance Tax And Domicile – What You Need To Know Today

UK inheritance tax follows you around the world since it’s based on domicile, not residence. You could live abroad long term and still be liable for this legacy tax. Here, Blevins Franks look at key facts about UK inheritance tax and domicile and how it could affect your intended heirs. Written...

UK rental income

How Much UK Rental Income Is Tax-Free If You Are Living Overseas?

It’s a dream that many people in Britain have. Move to another country, somewhere sunnier, to work or retire. For those who choose to live their dream, living overseas is often made possible to a greater or lesser extent by UK rental income they earn from UK property, one or more, which may include...

Taxes For Expats

Guide To Taxes For Expats: What To Know When Moving Abroad

Each year, thousands of professionals make the decision to relocate and work abroad. This could be for a variety of reasons, from career progression to the desire to broaden one’s cultural horizons. But while becoming an expat has the potential to better both your personal and professional life, it isn’t a decision to be...

Making Tax Digital

Making Tax Digital For Income Tax – Should You Start To Prepare Now?

All VAT-registered businesses in the UK must now meet new reporting requirements introduced as a consequence of Making Tax Digital. If you don’t run a VAT-registered business, Making Tax Digital won’t have affected you so far. You may not have even heard of Making Tax Digital. Written for Expats Network by...

How Expats Can Master UK Tax

Managing UK tax affairs can be tricky when you are an expat. With non-domiciliary status high on the news agenda recently, it’s prudent for expats to ensure they have an accurate understanding of their obligations under UK tax law and that they are fully prepared to report and pay their tax bills. ...

UK self assessment

Ditch The Jargon – UK Self-Assessment Explained

Understanding Self Assessment can be challenging for many self-employed people. The technical information can be difficult if not impossible to understand, while – let’s face it – it’s hardly the most interesting subject.   And the use of tax terminology rather than plain English can literally leave many people scratching their head when they’re reading...

UK tax changes

What April 2022 UK Tax Changes Should Expat Landlords Know About?

Important UK tax changes introduced by HMRC from the start of the 2022/23 tax year in April can affect landlords just as much as other taxpayers and in some cases they can have a significant impact on your tax bills. With prices rising sharply seemingly across the board, you should be aware of how...

Don’t Miss UK Self Assessment Filing Deadline & Other Tips For Landlords

Time is running out for landlords and other Income Tax payers, with the Self Assessment online filing deadline of midnight on the 31 January fast approaching. Miss it and straight away you’ll have to pay a Self Assessment late-filing penalty of £100. Written for Expat Network by GoSimpleTax The penalties...

rental income

How To Report Rental Income If You’re A Company Director

Company director income is often made up of a relatively small amount of wages paid through the company payroll, topped up with company share dividend payments, with both taxed accordingly. But what if you’re a company director with income from other sources, more specifically, rental income from renting out property?     Article by...

self assessment

Do You Have Your UTR Number Ready To File Your Self Assessment?

A Unique Taxpayer Reference (UTR) number is a ten-digit code required by all sole traders, partnerships, and limited companies in the UK.  It’s unique to that individual or organisation and remains unchanged forever. You will also need a UTR if you have other forms of income or expenses that require you...