At Taxback we’ve got a great interest in everything tax related and love to see a bit of tax humour popping up on our screens every now and then. We take a look at some of the funniest lines from cinema and television that has got our sides splitting. The topic of taxes can be […]
UK residents are usually taxed on the arising basis. If you are not domiciled in the UK, however, you can use an alternative tax treatment known as the remittance basis. What Is It Exactly? The remittance basis is a tax treatment where non-UK income and gains are taxed if and only if they are brought […]
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 […]
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 […]
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 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 […]
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 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 […]
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 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 […]