4 Aug 2020
Offshore income and the long arm of HMRC…
In this article we provide an overview of the additional information now readily available to HMRC regarding offshore income assets, the penalty regime applicable to individuals who have failed to properly report their income, and how such failure can be remediated.
25 Jun 2020
The UK trusts register – changes ahead
In this article we provide an overview of changes to the UK trust register, which significantly widens the ambit of the reporting requirements for both UK and many non-UK trusts with UK connections.
13 Apr 2020
COVID-19 Guide to global tax relief
This guide provides an overview of the response to COVID-19 by each country as it relates to tax relief and other provisions implemented by local governments. This guide includes information as it pertains to specific countries on general measures, corporate income tax measures, tax payments, tax reporting, and VAT in specific countries as provided by the member and collaborating firms of Andersen Global.
18 Mar 2020
IRS announces foreign trust reporting exemptions
IRS has issued new guidance exempting current and former US citizens and residents from annual reporting requirements for owning (or transferring money to) certain foreign pension and other plans that are foreign trusts.
4 Aug 2019
Non-US individuals, trusts and companies investing into the US
The tax treatment of US investments differs depending on whether the investor is an individual, company or trust. Investors need to understand the consequences of different investment structures so that they can plan their investment decisions for maximum tax efficiency.
15 May 2019
Non-residents and UK real estate
UK real estate held by non-residents has been subject to frequent tax changes over recent years. This article explores further recent and forthcoming changes to an already complex regime.
9 Dec 2018
Deadline approaching for non-doms to “cleanse” offshore mixed accounts
Non-domiciled individuals must clean up their offshore mixed bank accounts by 5 April 2019 if they wish to be able to remit funds to the UK at a lower tax rate.
9 Dec 2018
Offshore trusts – traps for the unwary
The 2017 trust changes have implications for non-doms with trusts, irrespective of the duration of their residence in the UK.
19 Nov 2018
Trust taxation – further change ahead?
The UK government is seeking views on the case for reforming the trust tax regime.
15 Oct 2018
Avoid jeopardising tax treatment of protected foreign trusts
Long-term resident non-domiciled individuals must exercise caution before transacting with their offshore trusts, otherwise they risk permanently losing the preferential tax treatment.
8 Oct 2018
Taxation of “non-doms” – where are we now?
Deadline approaches for long term resident “non-doms” to start reporting worldwide income to HMRC.