Category Archives: Tax Planning

Travel Claims For Expat Contractors...

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Offshore contractors and consultants face a massive tax shake-up next year as the government scraps their right to claim travel expenses. From April 2016, anyone working through a personal service company or an umbrella company who cannot prove they are self-employed will lose the cost of travelling from their home to a workplace. This will … Continue reading Travel Claims For Expat Contractors Scrapped

Oil And Gas Workers Face Massive Ta...

WATFORD CITY, ND - JULY 23:  Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota.  North Dakota has been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was stated at 3.65 billion barrels of oil.   (Photo by Andrew Burton/Getty Images)

Thousands of oil and gas contractors accused of involvement in a tax avoidance scheme have received demands for cash from HM Revenue & Customs (HMRC). More than 22,000 contractors who sheltered their earnings offshore in now outlawed employment benefit trusts more than seven years ago are now paying the price for breaking tax rules. Accountants … Continue reading Oil And Gas Workers Face Massive Tax Demands

CGT Cases Muddy Rules For Expats Se...

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Qualifying for capital gains tax breaks as an expat is even more complicated following the latest legal rulings in the UK. Capital gains for expats became an issue from April 2015 when Chancellor George Osborne reversed the law allowing non-residents to sell assets in the UK without paying CGT. Since then, non-residents selling residential property … Continue reading CGT Cases Muddy Rules For Expats Selling UK Homes