HM Revenue & Customs (HMRC) has advised that UK taxpayers will receive Self Assessment paper returns for the tax year 2021/22 (ending 5th April 2022) in the post by the end of April 2022. Taxpayers who filed their 2021 UK tax return online will receive a notice to complete a 2022 tax return letter between […]
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Changes to tax residency rules in Australia are on the way
The Australian Federal Budget in May 2021 picked up the thorny issue of the tax residency of individuals in Australia, and we expect changes to the tax residency rules in Australia in the near future. A lot has changed in terms of global mobility and the ability of individuals to move and work internationally since […]
2021 UK tax return deadline is approaching fast!
If you have been issued with a 2021 personal UK tax return it is likely the deadline for submitting it to HM Revenue electronically is now less than 4 weeks away. In addition, any balance of tax owed to HMRC in respect of the year to the 5th of April 2021 is to be paid […]
Addy case = A win for the taxpayer! Australia’s backpacker tax is struck out.
In what is great news for working holiday maker visa holders from the UK – and some other countries that have a Tax Treaty with Australia containing a no discrimination clause – a lady by the name of Catherine Addy has argued successfully that she was unfairly taxed on pay she earned while working as […]
Do You Need to Lodge a 2020 Australian Tax Return?
If the answer is yes, the deadline to submit the tax return – or to appoint a registered tax agent so you can get more time – is fast approaching. The 2020 Australian income year ended on the 30th of June 2020. Individuals who are required to submit a tax return have until the 31st […]
Letting a UK Property When You Are Living Overseas – The UK’s Non Resident Landlord Scheme
Under the UK’s Non Resident Landlord (NRL) scheme a landlord with a usual place of abode outside the UK has tax on their UK rentals collected by the UK letting agent or tenant. Landlords can though apply to HM Revenue & Customs to receive rental income from the UK property without tax being deducted. Individuals […]
What Rate of Tax do Working Holiday Maker Visa Holders Pay in Australia?
Working holiday visa holders have been paying a special rate of tax in Australia for several years. Here’s a quick summary of the tax rates for working holiday maker visa holders, including a commentary on what is taxable and what happens if a working holiday visa holder applies for another visa such as an employer […]
Medicare Levy Surcharge and Private Health Insurance Cover – A Review
The Medicare Levy Surcharge (MLS) is a levy paid by Australian tax payers who do not have private hospital cover and who earn above a certain income. This blog discusses the circumstances when the MLS becomes payable and how private hospital cover can avoid the Surcharge. MLS is designed to encourage individuals to take out […]
Capital Gains Tax – Sale of Residential Property in the UK – New regime
A new 30 day requirement to file a return and to pay any capital gains tax owing on the sale of property in the UK has now commenced, with penalties and interest payable if the requirements are not met. When a residential property in the UK is sold and the exchange and the completion dates […]
End of financial year in Australia: Accessing your end of tax year salary and PAYG information
Do you know how to confirm your salary for the last tax year? This can be important if you need to provide documentation to someone else, such as a bank if you want to arrange home loan finance. These days most employers deliver payroll information to the Australian Taxation Office under the Single Touch Payroll […]