If you’re new to self-employment, record-keeping might sound like hard work – even for those who have been filing for years it can be daunting. While that may be true, it does come with its own reward – namely, that sole traders can claim back allowable expenses and pay less tax on their earnings. Written...

Why establish tax residency? With most Western countries around the world having marginal tax rates upwards of 30-40%, it is not surprising that second residencies and passports are on the rise as people begin looking for low tax alternatives. Written exclusively for Expat Network by Mark John of Offshore Protection Thanks in large part...

Missed the January self-assessment deadline? You have four weeks to file your 18/19 tax return to enable you to access the government grant announced by Chancellor Rushi Sunak.   Written for Expat Network by GoSimpleTax Self-Employed Income Support Scheme Summary: You must have completed your 18/19 tax return 80% of profits up to £2,500 per month...

With the latest Budget fresh in everyone’s minds, it’s easy to lose track of the changes actually impacting landlords today.  For landlords who don’t have the time to keep abreast of every update to legislation, it’s hard to keep up and remain compliant. That’s why we’ve asked Mike Parkes from GoSimpleTax to weigh in on...

GoSimpleTax recommend that you submit your tax return in April.  Filing just short of the deadline can be a dangerous game. HMRC is under pressure, you may not have the documents you need, and it doesn’t leave you much time to save for your tax bill.  Filing in April, on the other hand, solves the...

The UK’s exit from the European Union has prompted expats to review the way in which they manage their estates and hand down their property abroad. While the issue is shrouded with misconceptions, people are more alive now than ever to their options for succession planning. But it doesn’t stop there. Richard Bate, Partner at...

If you’re new to submitting Self Assessment tax returns, it pays to know that there are three ways of filing. Firstly, you can submit via the HMRC site and receive instant acknowledgement post-submission. You can also use commercial software to do this for you. Or, you can send a paper tax return to HMRC in...

One of the members of the Expat Network community asked the following question about being able to visit the UK without becoming tax resident in the UK and we asked Trevor Wilkes of Trew Tax to respond to his query. I have a permanent home in the USA, where I have lived for 35 years...

Expat tax affairs can be complicated, so GoSimple Tax have gathered some tips to help you understand your tax requirements as a UK expat that is still domiciled in the UK. This article was written exclusively for Expat Network by SimpleTax Income Tax The tax you’ll need to pay within the UK on your foreign...

Mark your calendars for Tuesday, October 30th and join Greenback Expat Tax Services for a FREE, live webinar on how to utilize the Streamlined Filing Procedures to catch up on 3+ years of late taxes, penalty-free.  Host David McKeegan, Co-Founder of Greenback will be joined by one of Greenback’s Streamlined Filing experts, and they will...

If you no longer live in the UK, you may still be required to file a Self Assessment tax return with HMRC even if you’re a non-resident. This article was written exclusively for Expat Network by Go Simple Tax Tax rules for UK residents and non-residents can be different – one of the first...

HMRC, the UK tax authority, is working to ensure British expat taxpayers continue to pay tax on their UK affairs. It recently released new figures that demonstrate its increased co-operation with foreign authorities overseas, leading to a considerable rise in levels of expat tax collected. In 2017 HMRC made 1,006 requests to overseas tax...