Wednesday, 10 June 2015

Pension tax relief changes could hit top earners

City A.M.: Wealth managers have warned that changes to pension tax reliefs, which could come as soon as next month's emergency budget, will hit the UK's top earners who should act soon.

Full story: http://www.cityam.com/217617/pension-tax-relief-changes-could-hit-top-earners

Lionel Messi faces tax fraud trial after appeal rejected again

BBC News: Argentina and Barcelona star Lionel Messi has moved a step closer to being tried for tax evasion after a Spanish high court rejected his latest appeal.

Full story: http://www.bbc.co.uk/news/world-europe-33084879

Tuesday, 9 June 2015

Creaseys, Tunbridge Wells, announce Simon Linley as new head of private client practice

Kent Online: An accountancy firm has announced a new senior role will be filled this week.
Creaseys, based in Tunbridge Wells, have made Simon Linley the head of private client practice – he will take up the position on Monday, June 8.

Full story: http://www.kentonline.co.uk/kent-business/county-news/senior-role-at-accountancy-firm-38134/

Monday, 8 June 2015

Foreign tax rules may be unfairly targeting US expats

Expat Forum: An organisation that represents American expats has called on the United States Treasury to amend tax regulations to exempt those living abroad from the Foreign Account Tax Compliance Act (FATCA).

Full story: http://www.expatforum.com/america/foreign-tax-rules-may-be-unfairly-targeting-us-expats.html

Actor loses tax relief claim as rented London flat was not 'exclusively' for work

STEP: The actor Tim Healy has lost his claim for tax relief on a flat he rented while working away from home. Healy, who lives in Cheshire, was cast in the West End musical Billy Elliott for nine months during the 2005-06 tax year. He decided to rent a flat in London for the period. The GBP875 weekly cost of renting the flat was comparable to that of staying in a hotel or similar accommodation, and also allowed him extra room for practice and coaching. He never intended to make London his home.

Full story: http://www.step.org/news/actor-loses-tax-relief-claim-rented-london-flat-was-not-exclusively-work

BVI gives UK non-doms four more months to opt out of automatic reporting

STEP: The British Virgin Islands (BVI) has allowed UK non-doms an additional four months to notify their intention to elect for the UK's Alternative Reporting Regime (ARR).

Full story: http://www.step.org/news/bvi-gives-uk-non-doms-four-more-months-opt-out-automatic-reporting