UK Pension Tax Traps for Expats: What You Need to Know
You’ve worked hard, saved diligently, and built a pension pot that should support you and your loved ones. But here’s the catch, without the right planning, up to 67% of your pension could be lost to taxes before your family even sees a penny. Shocking, right? The UK pension system is built for those living […]
Sharing good news on our client cases
My apologies, the opening title above makes this sound a bit like a bible class.. Every once in a while, we must share our success stories with you, successes that we achieve for our clients every day of the year. Let’s go. Moving from UK to UAE Mr H UK national moves to Dubai […]
The UK Tax Return Season: The Issues We Saw (And How We Handled Them!)
Another UK tax return season has come and gone, and as always, it was a rollercoaster ride of deadlines, missing paperwork, and last-minute panics. We love helping our clients navigate the complexities of the UK tax system, and there were a few recurring issues that popped up this year—some expected, some surprising! Here’s a rundown […]
Expats – some querks of the UK tax system!
Navigating your tax obligations as a UK expat can be daunting. In this article, we’ll cover three key topics to help you understand them. 1. UK Expats with a UK Pension Living Abroad Have No UK Tax Liability If you are a UK expat living abroad, the good news is that you may not need […]
HMRC Knows About Your Cryptocurrency: What This Means For You
As the world of trading continues to evolve, the world of tax evolves with it. Cryptocurrency has gained significant traction in recent years, with an estimated 3 million Britons holding cryptocurrency. HMRC have grown wise to this and are growing increasingly stringent in their approach to taxation on these digital assets. If you’ve bought, sold, […]
How will AI affect your tax services?
The sudden rise of artificial intelligence has left many concerned that it will make their jobs redundant. What does this mean for tax professionals services in the United Kingdom? How will your services be more automated? Artificial intelligence is already transforming tax compliance and reporting by automating routine tasks that were previously labour-intensive for tax […]
HMRC are sending out letters to taxpayers with foreign assets, income and gains – what to do about it
We have had a flurry of enquiries recently at GETS HQ from people who’ve had a letter from HMRC asking them if there’s any information they think they should be telling the taxman. With a heading of ‘Your overseas assets, income or gains’ it opens by saying that they have information that you may have […]
What UK tax changes are planned by the new Government?
Following the Labour Party’s decisive victory in July’s election, the UK’s new government has outlined its tax policy direction, with a particular focus on stability and fairness. Here is a summary of the anticipated changes. Income Tax, National Insurance and VAT Labour has said that they do not plan on increasing the rates of income […]
Returning to the UK After Living Abroad: What You Need to Know
Returning to the UK After Living Abroad: What You Need to Know Are you a UK expat thinking of moving back home? You’re not alone – in fact, you’re in good company, as it’s been reported that almost 9 in 10 expats can feel isolated while living abroad (AXA Global Healthcare). Returning home can prove […]
So, you’ve received a UK tax enquiry letter ….
Hello all, Welcome back to our regular tax blog. I could write a book on this next subject of HMRC enquiries, and I was once even called “Mr Tax Enquiry” based on the number of enquiries I had worked on. I can write out the full details of the process but that does not make […]
