On 6 October 2020, the Economic and Financial Affairs Council of the EU (ECOFIN) issued a revised list of non-cooperative jurisdictions for tax purposes known as the EU ‘blacklist’. The latest review of this list has added the island nations of Anguilla and Barbados, whilst delisting Oman and the Cayman Islands. The EU has faced…
How much is a company with no sales worth? Apparently, the answer is up to $30bln if that company is in a hyped industry such as electric vehicles. It is common consensus (there are few other sorts) that the internal combustion engine, the power behind the first and second industrial revolutions, is on the way…
In the 2016 budget the UK Government announced the introduction of the Lifetime ISA, a scheme through which 18-40 year olds can invest up to £4,000 per year until the age of 50, at which point the Government would add a 25% bonus to the total funds deposited. The Lifetime ISA would be accessed tax-free…
The Institute for Fiscal Studies (IFS) has outlined the wage prospects of UK workers as “dreadful” after Chancellor Philip Hammond’s first Autumn Statement. The IFS states that workers will be worse off financially in 2021 in real terms than they were in 2008, with lower income families to be the worse affected. Paul Johnson, Director…
Buy-to-let investors have seen the introduction of a raft of changes to tax rules in recent months which make being a landlord a less attractive option for many. Changes include a new 3% stamp duty land tax surcharge introduced in April 2016 on top of standard stamp duty rates for anyone buying a second home,…
4 key moves you should make if you’re thinking of transferring your pension overseas. For many moving their pension overseas is a big decision to take, one that shouldn’t be taken lightly. We’ve added some steps below for you to take, before you make your final decision: Advice for Expat Pensions: Research, research, research!! This is…
[vc_row][vc_column][vc_column_text]Across Europe children are bidding farewell to the Summer sun and returning to school for another year, at an even greater financial cost to their parents. For many expats, private fee-paying education is the only safe option to ensure a decent education for their children. A good education is one of the greatest and most…
Mortgage lenders have revealed that British Expats are turning to UK property as a long-term investment tool, according to newly released figures. The figures reveal that British expats are increasing their investment in UK property, particularly in the “buy-to-let” sector, with 40% of investments occurring in London, and 25% in the expensive South-East, the core…
Europe has been ranked as the best place in the world for expatriates seeking career progression whilst retaining great working conditions, according to HSBC’s Expat Explorer survey. The annual survey ranked Switzerland as the best place to work in terms of earnings potential, career progression and working conditions for the second year running, with average…
The UK’s European Commission representative, Jacqueline Minor, has indicated that Scottish independence would not lead to automatic membership of the European Union. Minor outlined a process whereby Scotland would have to join the list of countries already seeking EU Membership, and although the process could be completed quicker than for other applicants, there is no…