Content and News

Making life less taxing for UK Non Residents

Good news for non-UK resident tax payers
Money and Tax

Good news for non-UK resident tax payers

With so much information about it can be stressful or draining to keep reading information about this and that all day, every day. If you are a non-UK resident and need to pay tax in the UK on your UK earning then there is good news. A good, professional non-UK resident tax advisor, like The Taxman UK can save you time, money and stress with one, short consultation. A good accountant, lawyer or tax advisor can save you a ton of money. A not so good financial advisor can cost you and your loved ones a lot of money, time and stress. So finding a good non-UK resident tax advisor is worth the search time and effort.

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Retirement and Tax for UK Non-Residents
Money and Tax

Retirement and Tax for UK Non-Residents

Many of us dream of retirement. Due to the Covid 19 epidemic retirement has been forced on many people earlier than they expected. If you have suddenly lost your job, and are struggling for what to do next, take a little time to consider your tax situation. Working for The Government all your life, by paying taxes wherever you are, is a fact of life. If you are a UK Non-Resident and you earn income in the UK then you must still pay tax on your UK income wherever you live in the world, even in retirement. With time on your hands, you can look into ways to minimize your UK Non-Resident tax bill with good tax advice from a professional tax advisor at The Taxman UK.

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Paperwork and UK Non-Resident tax
Money and Tax

Paperwork and UK Non-Resident Tax

Brexit is ongoing and its effects are beginning to be seen quickly. More paperwork is one of the most significant changes that the impact of Brexit has had. There are reports of small businesses having to fill in more forms than ever before with one UK business having to fill in 71 pages of paperwork for just one lorry of fish. If you are a UK Non-resident anywhere in the world and you have UK income then you will have to make a UK Non-Resident tax return. If the thought of even more paperwork seems daunting to you, ask a UK Non-Resident tax advisor, like The Taxman UK, to make your UK Non-Resident tax return for you.

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UK Non-Resident tax returns and Bitcoin
Money and Tax

UK Non-Resident tax returns and Bitcoin

During these turbulent times, when many people are facing a bleak financial outlook and the prospect of living off savings, there are still a few silver linings in the clouds. The Chinese word for a crisis, ‘Weiji’, is two words meaning; danger and opportunity. There are still a lot of opportunities during the current Covid 19 epidemic, and more coming with new normal. If you have been speculating on Bitcoin, or other crypto currencies, and have made a good profit, you may be thinking about the tax implications. Don’t worry, you may not have to pay tax in the UK on bitcoin profits if you are a UK Non-Resident.

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UK Non-Residents: Where are you working in 2021?
Money and Tax

UK Non-Residents: Where are you working in 2021?

Whether you are working in the UK, or overseas, this year you will be affected by the Coronavirus epidemic. So how does this affect your tax status? The HMRC has published guidance for employees temporarily returning to work in the UK from a country outside the EU, EEA or Switzerland where the UK does not have a reciprocal agreement. If you didn’t know about this or are unsure about your tax status, the best thing to do is to ask a good, professional UK Non-Resident tax advisor. Our team of experienced, qualified UK Non-Resident tax advisors at The Taxman UK can assist you and your family to determine your tax status, tax liabilities and even make your UK Non-Resident tax return for you.

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The Statutory Residence test for UK Non-Residents
Money and Tax

The Statutory Residence test for UK Non-Residents

If you are not sure if you are Non-Resident in the UK for tax purposes this year then take the test. The Statutory Residence Test was introduced by HMRC in 2013 to determine the tax residence status of individuals with connections to the UK. It’s a complex test but it’s very important as, if you don’t correctly declare and pay tax on any UK income it could lead to penalties and fines. If you don’t like the sound of taking a test or don’t have the time to then ask a good, professional UK Non-Resident tax advisor like The Taxman UK for some help.

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