Homeowners planning to make some extra cash from renting their properties to sports and festival fans this summer need to be on guard for the tax man. If potential renters can see an online advert on web sites like AirBnB, so can HM Revenue and Customs, warns London tax accountant Stefanie Stapleton of Blick Rothenberg. […]
Tax Articles
Tax Avoidance Crackdown On Wealthy Expats In Spain
Wealthy British expats in Spain face a tax crackdown as huge amounts of information about their offshore finances is swapped with other countries. Spain’s tax authority, the Hacienda, has new powers and technology to scrutinise data received under the international common reporting standard. Under Spanish laws, every expat should have filed a Modelo 720 tax […]
Protest Grow Over Tax Demands For Accidental Americans
Thousands of people around the world are facing unexpected tax bills because they are Accidental Americans. Accidental Americans are those considered as US citizens by birth even if they have never set foot in the country. Many are children of American expats captured in the US tax net by the Internal Revenue Service. They are […]
HMRC To Ask The Rich What They Think About Paying Tax
HMRC is spending £80,000 trying to find out how Britain’s wealthiest taxpayers feel about tax compliance. Researchers want to speak to these rich taxpayers but feels few will want to help the inquiry. The target for the report is anyone earning more than £20 million a year as their tax affairs are handled by personal […]
Offshore Tax Avoidance Amnesties Ready To Close
Taxpayers who want to take advantage of reduced penalties by declaring secret offshore income and assets to HM Revenue & Customs (HMRC) have until the end of the year to bring their finances up to date. All the current offshore disclosure schemes will close on December 31, according to an announcement from HMRC. Although a […]