Did you miss the UK tax return filing deadline?
** UK tax filing deadline 31 January 2024 **
If HMRC asked you to complete a tax return you must do so.
You now will have incurred a late filing penalty.
If you ignore the return you will automatically receive further penalties for not filing the return on time.
In order to avoid further late filing penalties being issued contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline
** UK tax return filing deadline - 31 January 2024 **
Do you need to file a self assessment UK tax return?
The deadline is fast approaching.
If you have been issued with a tax return from HMRC you must file it in order to avoid a late filing penalty.
Late filing penalties are payable even if there is no tax to pay so do not delay, act today!
If HMRC have not issued you with a UK tax return you will still need to complete a tax return if you are:
- self-employed
- a company director
- a minister of religion
- a name or member of Lloyd's
- a trustee
- receiving foreign income
You will also need to complete a tax return if your income is above a certain level:
- £100,000 or more
- £10,000 or more income from savings and investments
- £2,500 or more income from untaxed savings and investments
- £10,000 or more income from property (before deducting allowable expenses)
- £2,500 or more income from property (after deducting allowable expenses)
Other circumstances in which you will need to complete a tax return are:
-You're 65 and receive a reduced age-related allowance
-You need to claim certain expenses or reliefs above £2,500
-You have Capital Gains Tax to pay
-You've lived or worked abroad or aren't domiciled in the UK
Contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline
** UK Non-Resident disposing of UK residential property? HMRC Non-Resident Capital Gains Tax Return (NRCGT) Effective 2015/16 tax year **
Following the changes to capital gains an owner who makes a disposal of a UK residential property is now required to file a Capital Gains Tax Return to HMRC even if there is no capital gains tax to pay on the disposal.
This Capital Gains Tax Return is in addition to the annual Self Assessment Tax Return (SATR) with the deadline to file this and pay any capital gains tax being as follows:
- within 60 days of selling the property if the completion date was on or after 27 October 2021
- within 30 days of selling the property if the completion date was between 6 April 2020 and 26 October 2021
If the disposal is not reported on time penalties will be issued.
If the interest in the residential property was held jointly, each individual must file a Capital Gains Tax Return separately notifying their own share.
The above also applies even if you have disposed of only part of an interest in a UK residential property.
As the deadline is very tight careful planning is of great importance.
Unless you have a detailed knowledge of the associated rules we would suggest that you let us handle this for you as the area of capital gains is a complex issue.
Contact us today for a free, no obligation, competitive quote.
There are no hidden costs, what we quote is what you pay, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline #ukcapitalgains #capitalgainstax #ukcapitalgainstax #capitalgains #nonresidentcapitalgainstax #uknonresidentcapitalgainstax #nonresidentcapitalgains
HOW DOES IT AFFECT YOU?
** UK HMRC - Statutory Residence Test (SRT) **
The number of days spent in the UK usually determines your UK residence status
- UK resident
- UK ordinarily resident
- UK resident and domiciled
- Temporarily resident
- Not resident
- Not ordinarily resident
- UK resident but not domiciled
- Dual resident of the UK and another country
The UK residency rules changed with effect from the 2013/14 tax year involving the Statutory Residence Test (SRT).
Various tests are performed based on the number of days you have visited the UK in a tax year in order to determine whether you are classed as UK Resident or UK Non-Resident for that tax year.
If classed as UK resident under the (SRT) you would then be TAXED ON YOUR WORLDWIDE INCOME so it is very important that your individual personal circumstances are dealt with correctly to protect your residency status and exposure to UK taxation.
Also, ties such as home, work, family etc. in the UK may class you as UK resident for tax purposes regardless of where you reside.
We strongly advise that you seek professional advice in relation to this.
Residency is a complex issue so let us take care of it for you.
If you are unsure of your residency status or would like to know how many days you can visit the UK in a tax year without becoming UK resident contact us for assistance.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline
Are you more than six months late in filing your UK tax return?
If so, you will now incur a further penalty of £300 in addition to the £1,000 already incurred and these are still payable even if there is no tax to pay.
If HMRC asked you to complete a tax return you must do so.
In order to avoid further late filing penalties being issued contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline
** UK Non-Resident disposing of UK residential property? HMRC Non-Resident Capital Gains Tax Return (NRCGT) Effective 2015/16 tax year **
Following the changes to capital gains an owner who makes a disposal of a UK residential property is now required to file a Capital Gains Tax Return to HMRC even if there is no capital gains tax to pay on the disposal.
This Capital Gains Tax Return is in addition to the annual Self Assessment Tax Return (SATR) with the deadline to file this and pay any capital gains tax being as follows:
- within 60 days of selling the property if the completion date was on or after 27 October 2021
- within 30 days of selling the property if the completion date was between 6 April 2020 and 26 October 2021
If the disposal is not reported on time penalties will be issued.
If the interest in the residential property was held jointly, each individual must file a Capital Gains Tax Return separately notifying their own share.
The above also applies even if you have disposed of only part of an interest in a UK residential property.
As the deadline is very tight careful planning is of great importance.
Unless you have a detailed knowledge of the associated rules we would suggest that you let us handle this for you as the area of capital gains is a complex issue.
Contact us today for a free, no obligation, competitive quote.
There are no hidden costs, what we quote is what you pay, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline #ukcapitalgains #capitalgainstax #ukcapitalgainstax #capitalgains #nonresidentcapitalgainstax #uknonresidentcapitalgainstax #nonresidentcapitalgains
Did you miss the UK tax return filing deadline?
** UK tax filing deadline 31 January 2024 **
If HMRC asked you to complete a tax return you must do so.
You now will have incurred a late filing penalty.
If you ignore the return you will automatically receive further penalties for not filing the return on time.
In order to avoid further late filing penalties being issued contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline
Did you miss the UK tax return filing deadline?
** UK tax filing deadline 31 January 2023 **
If HMRC asked you to complete a tax return you must do so.
You now will have incurred a late filing penalty.
If you ignore the return you will automatically receive further penalties for not filing the return on time.
In order to avoid further late filing penalties being issued contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline
Did you miss the UK tax return filing deadline?
** UK tax filing deadline 28 February 2022 **
If HMRC asked you to complete a tax return you must do so.
You now will have incurred a late filing penalty.
If you ignore the return you will automatically receive further penalties for not filing the return on time.
In order to avoid further late filing penalties being issued contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice #uktaxfilingdeadline #uktaxdeadline #hmrctaxdeadline #uktaxreturndeadline
UK Tax For Expats - COVID-19
Have you broken your UK Non-resident status?
HMRC have stated that they will be scrutinising this tax year due to COVID-19 and the impact on an individuals residence status.
During the 2020/21 UK tax year if you were stuck in the UK due to the following:
- Quarantined or advised by a health professional to self-isolate in the UK as a result of the virus
- Were advised by official Government advice not to travel from the UK as a result of the virus
- Were unable to leave the UK due to the closure of international borders
- Were asked by your employer to return to the UK temporarily as a result of the virus
HMRC will consider the above circumstances as being 'exceptional' and you can disregard up to 60 days of those spent in the UK as a result of this.
There has been no extension to the maximum limit of the number of days which can be disregarded, which remains at 60 days despite the scale of the pandemic.
HMRC have also confirmed that rules surrounding a "significant break" from overseas work will not be relaxed.
If you have any concerns as to whether this has affected your UK Non-resident status contact us today for a free, no obligation, competitive quote.
There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
UK TAX RETURN FILING DEADLINES:
31 OCTOBER 2021 AND 31 JANUARY 2022
#uktaxforexpats #uktax #ukexpattax #uktaxreturn
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #taxfilingservice #besttaxfilingservice #taxconsultingservice #nrcgt #uknonresidentcapitalgainstax #ukcapitalgainstax #ukcapitalgainstaxreturn #taxfilingdeadline #uktaxfilingdeadline
Do you need to file a self assessment UK tax return?
It is your responsibility to tell HM Revenue & Customs (HMRC) if you think you need to complete a tax return.
/check-if-you-need-tax-return
You will need to complete a tax return if you are:
- self-employed
- a company director
- a minister of religion
- a name or member of Lloyd's
- a trustee
- receiving foreign income
You will also need to complete a tax return if your income is above a certain level:
- £100,000 or more
- £10,000 or more income from savings and investments
- £2,500 or more income from untaxed savings and investments
- £10,000 or more income from property (before deducting allowable expenses)
- £2,500 or more income from property (after deducting allowable expenses)
Other circumstances in which you will need to complete a tax return are:
-You're 65 and receive a reduced age-related allowance
-You need to claim certain expenses or reliefs above £2,500
-You have Capital Gains Tax to pay
-You've lived or worked abroad or aren't domiciled in the UK
If HMRC asks you to complete a tax return you must always do so.
Contact us today for a free, no obligation, competitive quote. There are no hidden costs, you will be given a FIXED FEE for a professional service tailored to your personal requirements.
/uk-tax-for-expats
#uktaxforexpats #uktax #ukexpattax #uktaxreturn #uknonresidenttax
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #besttaxfilingservice #taxconsultingservice
UK TAX FOR EXPATS
/uk-tax-for-expats
HOW DOES IT AFFECT YOU?
** UK HMRC - Statutory Residence Test (SRT) **
- UK resident
- UK ordinarily resident
- UK resident and domiciled
- Temporarily resident
- Not resident
- Not ordinarily resident
- UK resident but not domiciled
- Dual resident of the UK and another country
The UK residency rules changed with effect from the 2013/14 tax year involving the Statutory Residence Test (SRT).
Various tests are performed based on the number of days you have visited the UK in a tax year in order to determine whether you are classed as UK Resident or UK Non-Resident for that tax year.
If classed as UK resident under the (SRT) you would then be TAXED ON YOUR WORLDWIDE INCOME so it is very important that your individual personal circumstances are dealt with correctly to protect your residency status and exposure to UK taxation.
Also, ties such as home, work, family etc. in the UK may class you as UK resident for tax purposes regardless of where you reside.
We strongly advise that you seek professional advice in relation to this.
Residency is a complex issue so let us take care of it for you.
If you are unsure of your residency status or would like to know how many days you can visit the UK in a tax year without becoming UK resident contact us for assistance.
/uk-tax-for-expats
#uktaxforexpats #uktax #ukexpattax #uktaxreturn
#uknonresident #hmrcstatutoryresidencetest #nonukresidentstax #nonukresidents #nonukresidenttax #taxfilingservice #nonresidents #uknonresidents #nonresidenttax #taxpreparationservice #taxpreparation #taxservice #taxfilingservice #besttaxfilingservice #taxconsultingservice
