Everyone dislikes paying taxes, and there are complaints everywhere. But is the UK doing it correctly? Do other nations' systems seem fairer? The underlying questions are always who pays what, whether that is fair, and how tax money is used, and while we would all agree that everyone should pay…

Taxes have been a significant aspect of national life for ages. Without them, funding the nation's transportation infrastructure, schools, colleges, health, welfare, and other services would be difficult. In addition to these significant areas of spending, money is also provided to help other essential sectors like industry, sports, heritage, and…

There are a whole host of reasons why British citizens choose to pack up their life in the UK and emigrate abroad.  Whether it's to improve the quality of their family's life, reduce the cost of living, relocate for work or simply fancy a change of scenery, migrating overseas continues…

The loss of a loved one can be crushing by any stretch of the imagination. But then, to be informed that as the surviving partner, you could be subject to paying 40% in Inheritance Tax on any property, money or possessions that have been left by the deceased is beyond…

In short, ‘Making Tax Digital’ (MTD) for Income Tax Self Assessment (ITSA) will apply to individuals from April 2024 if their total gross income from self-employment or property exceeds £10,000 in a tax year. However, before we take a closer look at Making Tax Digital and what it means to…

If you've missed the 31st January tax return deadline – don't worry; it happens all the time. According to HMRC, a large number of taxpayers fail to complete their self-assessment tax returns within the deadline every year.  If you are running late filing your self-assessment tax return, you may be concerned…

If you are or have been a UK resident, you likely need to file a UK tax return with the HMRC, even if you have lived and worked in a foreign country for extended periods. Generally, you have to pay tax on your UK income even if you no longer…

Just like last year, HMRC has made a few changes in the coming Self Assessment deadline. However, these changes aren't like the previous year's. If you're planning to file your tax return for 2020/21, This is everything you should know! What HMRC reported January 6 of 2022 was when HMRC…

Today, HMRC Has Announced That Will Not Charge: Late filing penalties for those who file online by 28‌‌ ‌February 2022.Late payment penalties for those who pay the tax due in full or set up a payment plan by 1‌‌ ‌April 2022. This will give customers additional time if they need it and will…

As vaccinations become widely available around the world, the reopening of borders will follow and so will an influx of individuals into the UK. If you, and your loved ones, have been enjoying the best of both worlds working whilst earning income in the UK as a non-UK resident landlord,…

One of the challenges of filling in a non-UK resident tax return is knowing what you need to report, and what you don’t. If you, or your loved ones, are a non-UK resident but have UK rental income and savings income you need to ask yourself, “Do I need to…

In the UK the onus is generally on the taxpayer to tell HMRC if you think you need to make a tax return. If you, and your loved ones, have been working, or living, overseas for extended periods of time then you will probably be non-UK resident for tax purposes.…