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Up to 400,000 expats living abroad could be adversely affected by UK government proposals to take away their personal tax allowance. Last year, Chancellor George Osborne raised the UK personal tax allowance to £10,000 with a further increase planned in 2015 to £10,500. However, in new proposals under consultation, the Treasury is seeking to abolish […]
As HM Revenue & Customs cracks down on expats claiming non-residency, it is essential to keep detailed records of your trips to the UK. If you live abroad and claim exemption from UK income and capital gains tax according to the Statutory Residency Test, it is crucial that you keep detailed records of visits to […]
Minimising taxes and increasing confidentiality are not the only benefits of setting up an offshore company. Although tax effectiveness is the first and foremost benefit that comes to mind when considering offshore companies, the opportunity to considerably reduce business overheads is also a very attractive bonus. Here are the six key benefits of offshore company […]