British Expats: Keep Records Which Show Non-Residence
With tough new statutory residence test rules, British expats have to make sure of their status by keeping careful travel records. The issue of where you are resident for tax purposes can be more complicated than many people realise, say expat advisers Blevins Franks. If you get it wrong, you could face a tax investigation....
Expat Tax Equalisation: Yes, But Is It Fair?
In the other articles on expat tax equalisation we explored how it works and if you are paying too much. Now the question is, is it fair? This depends on whether you are seconded to a low tax or a high tax country. By The Fry Group In our experience, a country will operate a...
Expat Tax Equalisation: Paying Too Much?
With tax equalisation there are distinct swings and roundabouts, depending on in which country you are working. By The Fry Group In the article Expat Tax Equalisation: How Does It Work? We explained the theory behind this common expat pay arrangement. Of course, the theory is all well and good. An individual bears tax to...
Expat Tax Equalisation: How Does It Work?
The fundamental principle behind tax equalisation is that an expatriate should be no better off or no worse off as a result of being assigned abroad. By The Fry Group Tax equalisation is presumably in place to encourage expatriates to work for their employers wherever they may be sent, sure in the knowledge that they...
Tax Back In The UK
If you find yourself considered as UK resident for tax purposes, it is as well to know what rates of tax you will now be required to pay – and which you may be able to avoid if you successfully achieve UK non-resident status. By Iain Yule Income Tax In the 2014-15 tax year...