Opening your pay slip and seeing how much you’ve been taxed is never an enjoyable experience, but if you’re smart you can claim some of that back. Check out some of the more funny and weird tax deductions that we found out people have had approved below. Trust us, it’ll make you realize what you […]
With the FIFA World Cup catching the attention of most people in the world, we’ve decided to look back at the big names in the sport that have been caught up with tax fraud claims. In 2013 the biggest name in football, Lionel Messi had to defend himself against fraud accusations made against him. Over […]
Tax Credits For Seafarers In UK An employee working at sea outside the UK can enjoy deduction in his tax bill, provided that he meets certain requirements. When proven eligible, a seafarer can get as much as 100% deduction. What the tax credits seafarers in the UK can enjoy? Seafarer’s Earnings Deduction (SED) To be […]
How To Pay Taxes For Brazilians Working In The UK As a Brazilian who is working in the UK, how you pay taxes depends on what is established as your domicile. Since double taxation can hurt your finances, it is important to understand the rules. Although it is highly recommended that you work with a […]
UK Expats: Top 3 Most Friendly Cities If people where to choose a place to live in, most of them would prefer somewhere with low cost of living, high pay and little to no income taxes. Who would say no to an opportunity to fully enjoy your earnings? UK Expats, in particular, would like to […]
What You Need to Know About the Pension Freedom Come April 6, all-over 55s will be able to access their pension and do away with it as they please, thus the term Pension Freedom. It is one of the financial products that industry figures developed to meet people’s needs. Although the government has already made […]
How to Be Prepared for the Life of a Seafarer The globetrotting lifestyle and the promise of a huge salary are often enough to make anyone want to become a seafarer. Little do they know that life at sea is never easy and is often fraught with risks. Whilst there are many reasons to stay […]
Tax Breaks For Freelancers And Independent Shop Owners In The UK Are you working for yourself rather than for someone else? Regardless if you work freelance or run a shop independently, you still have mandated responsibilities that you need to deal with, particularly taxes and National Insurance. Since failure to do so can result in […]
How to Claim Taxes for Americans Working in the UK US citizens working in the UK, or other parts of the world for that matter, are subject to US income tax. If they happen to be a resident of theUK, they are also subject to UK taxation rules. This often leads to double taxation, which […]
How Small Foreign Businesses Can Get the Best Out of UK Tax Benefits The UK tax system offers several tax incentives and relief that investors and owners of small businesses can take advantage of, but for a company to enjoy such benefits, it has to establish a taxable presence in the UK. It has […]