Expat Focus Offshore Taxation
Offshore TaxationOffshore Taxation
Offshore account holders reminded of HMRC disclosure deadline
05/03/2010
Brits with offshore accounts are being reminded that they have just one week left to provide Her Majesty's Revenue and Customs (HMRC) with details of any undeclared tax liabilities. Read more
Tax advice essential for expats
12/02/2010
British expats have been urged to get independent tax and legal advice before deciding which country to opt for when it comes to retiring or working abroad. Read more
Tax havens are not just for ‘Formula One champions’
10/02/2010
Offshore tax havens are not just for British Formula One champions, it has been claimed.
According to the Daily Telegraph, retirees who head abroad when they finish work can get the most out of their savings and pension plans by taking them overseas with them. Read more
According to the Daily Telegraph, retirees who head abroad when they finish work can get the most out of their savings and pension plans by taking them overseas with them. Read more
Income tax rise ‘may prompt migration of top earners’
03/02/2010
High earners in the UK could be looking to move abroad in the coming year if a planned rise in income tax goes ahead.
According to a new report by international law firm Withers, three-quarters of high earning individuals are likely or somewhat likely to emigrate in the next 12 months. Slightly less than three-quarters also said that they would move their family and business. Read more
According to a new report by international law firm Withers, three-quarters of high earning individuals are likely or somewhat likely to emigrate in the next 12 months. Slightly less than three-quarters also said that they would move their family and business. Read more
Offshore finance center Antigua moves to OECD white list
06/01/2010
The offshore finance center of Antigua has become the latest to be placed on the Organisation for Economic Co operation and Development's (OEDC) white list. Read more
Investigations to begin into offshore tax evasion
05/01/2010
The deadline has passed for declaring offshore tax liabilities to Her Majesty's Revenue and Customs (HMRC) under the new disclosure opportunity.
UK residents had until 17:00 GMT on January 4th to inform the government of any tax which had not been paid on offshore accounts before investigations begin today January 5th. Read more
UK residents had until 17:00 GMT on January 4th to inform the government of any tax which had not been paid on offshore accounts before investigations begin today January 5th. Read more
Retirees advised to consider tax regimes
29/12/2009
Brits of retirement age are being advised to consider the tax regimes of the countries they are moving to by Shelter Offshore.
The offshore finance specialists have said that one of the most important aspects of planning a retirement abroad is ensuring that your finances are in order. In particular for older people this applies to their pension fund. Read more
The offshore finance specialists have said that one of the most important aspects of planning a retirement abroad is ensuring that your finances are in order. In particular for older people this applies to their pension fund. Read more
Cayman Islands has ‘no plans for direct taxation’
15/12/2009
Offshore finance centre the Cayman Islands has no plans to reform its system of tax advantages in the near future, according to the countries new premier. Read more
Tax advantages ‘drive directors abroad’
14/12/2009
Tax advantages in British territories are attracting entrepreneurs to leave the UK at a rate of ten per week, according to new figures.
Using data collected from Companies House, Philip Beresford, who compiles the Sunday Times Rich List, discovered that the 50p rate of tax placed on high earners by the current government was leading to more directors and partners moving abroad. Read more
Using data collected from Companies House, Philip Beresford, who compiles the Sunday Times Rich List, discovered that the 50p rate of tax placed on high earners by the current government was leading to more directors and partners moving abroad. Read more
Harsher fines for offshore tax avoidance
10/12/2009
Fines for those not declaring offshore tax liabilities could reach 200 per cent of the unpaid tax value under new plans from the Treasury.
As part of the pre-budget report, the government has announced that it will be clamping down on those who use offshore accounts to avoid paying tax. Read more
As part of the pre-budget report, the government has announced that it will be clamping down on those who use offshore accounts to avoid paying tax. Read more