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 […]
NHS Healthcare for Expats: A Great Guide
Are you an expat planning to visit or reside in the UK? It’s essential to understand how to access healthcare during your stay. The NHS provides free services to residents, but the rules and entitlements may vary depending on your circumstances. In this article, we’ll explore how you can access healthcare in the UK as […]
Breaking UK tax residence and what to do when HMRC are slow
Hi everyone! This blog should get people chattering. It tells you how one of my clients failed to break UK residence last minute because of lack of planning. Even more interesting than that however are my tips and life hacks for managing HMRC. There are two topics covered in this feature, firstly the recent cases […]
Expatriates – Australian pensions and US army pensions
US Army pension – UK tax You are an American who loves all things British, especially afternoon tea and UK history. You therefore decide to retire permanently to the UK. And you choose London because your brother lives nearby. Now, it is UK tax return season for all tax accountants, of course, and we encounter […]
