Autumn Statement 2023
The Chancellor Jeremy Hunt delivered his Autumn Statement on Wednesday 22 November 2023. His focus was on encouraging investment...
All of our blog posts are displayed below with the most recent first.
National Insurance Gap Extension
The normal time limit for a person to fill gaps in their national insurance (NI) record is six years, but transitional...
Apprenticeships with TAP
We interviewed our apprentice, James, who joined us in 2021, to get an idea of what it's like to learn with TAP and give any...
Overseas Workdays – What a Relief!
One of the most valuable tax reliefs available to expats working in the UK is Overseas Workdays Relief (“OWR”).Foreign national...
TAP announce partnership promotions
We are delighted to announce the promotion of Helen Mallalieu and Sophia Passingham to Partnership within Tax Advisory...
Is Tax Evasion On The Rise?
A recent freedom of information request shows a slight drop in the number of reports of suspected tax evasion made by members of...
Chu-CHUNK!
Some of us remember the first time they scurried along to the dusty stamp office and hesitantly asked a gruff Inland Revenue...
Budget 2021 - Summary of key tax announcements
The Chancellor of the Exchequer has delivered a budget which contained little in the way of major surprises given that a lot of...
UK Budget Date Announced
For those who might have missed it, the Chancellor, Rishi Sunak has announced that the date for the next UK Budget will be 3...
A UK wealth tax?
The fact that the possibility, however remote, of a Conservative government introducing a one-off wealth tax is being discussed...
New Crown preference for tax debts
Despite fierce opposition to the measure, on 1 December 2020, the Crown (for which read HMRC - the UK tax authority), was...
The Annual Investment Allowance: a one-off opportunity
You can currently deduct the full value of an item that qualifies for annual investment allowance (AIA) from your profits before...
Streamlined Filing Compliance Procedures
The US is one of the few countries in the world to tax their citizens not on their US residency status but on their citizenship....
TAP features in Top Accountancy Firms 2019 list
We are delighted to have learnt today that Tax Advisory Partnership has been officially recognised as a Top Accountancy firm for...
IRS issues draft form 1040 for 2018 Returns
The IRS recently released a draft of its new Form 1040 that every American taxpayer will use to file their 2018 tax returns...
TAP Year-End Tax Tips
Please click here for our 2017/18 year end personal tax planning tips.
White House Reveals Tax Plans
Yesterday President Trump revealed plans to significantly cut the tax rates for both individuals and businesses. There are few...
IHT on UK residential property – look through to the future
Changes to the inheritance tax (‘IHT’) treatment of UK residential property were originally proposed in the Summer Budget 2015,...
President Donald J. Trump - What tax changes can we expect?
This morning, Donald J. Trump won the US Presidential Election.
US Election Results : Are you now considering expatriation?
Prior to the US Presidential election we heard comments first hand and in the press from US citizens and green card holders that...
TAP Advise on Private Equity Deal
Russ Cahill our Corporate Tax Partner advised on the recent WHP Facilities private equity deal providing providing tax advice to
Exchange Rate Fluctuations for US Persons
Carmen Lee from our US tax team has had a article published in The American magazine, covering the issues faced by US Persons...
TAP Advise On Propercorn Private Equity Deal
Russ Cahill our Corporate Tax Partner advised on the recent Propercorn Private Equity Deal providing providing tax due...
Oil & Gas Workers
We have many client’s who leave the UK to work in the Oil and Gas Industry.
The UK beneficiaries of an Offshore Trust
Our client is an offshore trust which holds a 100% shareholding in an offshore investment company, which held reserves of income...
The MBA Graduate
Our client, a non-domciled expat, had recently started a new role with a UK employer following completion of his MBA at a...
Will the IRS Audit my return?
Will my returns be audited by the IRS? It is a question asked of us many times throughout tax season.
US expatriation on the BBC
You may have seen an article on the BBC website reporting on the record number of Americans relinquishing their US Citizenship...
Non-US Funds and “Stocks and Shares” ISAs
In our latest article for The American magazine we discuss non-US funds and “Stocks and Shares” ISAs.
Year-end tax planning for US taxpayers
In our latest article for The American magazine we highlight some great year-end tax planning opportunities for US taxpayers.
UAE and US Sign FACTA Agreement
The UAE and US have signed an agreement to implement America’s Foreign Account Tax Compliance Act (FATCA). Under this agreement...
Are you an American?
And why you might not want to read this blog if you think you may be. Holding a US passport means enjoying the benefits of...
The French Musician
Our client, a successful French recording artist, is a US resident taxpayer. In 2022 she performed on a short tour of the UK...
The Overseas Investor
Our client, a non-UK domiciled individual, has lived in the UK for a number of years. Initially, his “non-dom” status allowed...
The Non-Domiciled Private Equity Advisor
Our recent work for a client provides some good examples of planning which can be considered for a UK resident but non-UK...
The Private Practice Surgeon
A number of our clients work in the medical profession, and self-employed consultants in particular, will invariably require...
The Investor Visa
We often advise individuals who are moving to the UK on how to structure their financial and business affairs in a tax efficient...
UK property and mortgage exchange rate gains
The nasty smell at the back of your mortgage The London housing market is booming again and inevitably this results in homes...
Missing something?
Bigger and better Despite initial concerns that Research and Development Tax Reliefs might only survive as long as the Labour...
Patent Box
Where are we after the Autumn Statement? With newspaper headlines variously describing Patent Box as dead, alive or in a state...
Improvements to the UK's R&D Tax Relief regime
Several improvements to the UK's R&D Tax Relief regime were announced in yesterday's Autumn Statement.
Patent Box Changes – don’t miss out!
Launched with much fanfare in 2013, Patent Box is a flagship Government policy to promote innovation in the UK economy. Patent...
Thinking inside the Patent Box?
A tax policy for innovation Research and development involves significant risk and cost and even a successful technical outcome...
Foreign mortgage exchange rate gain
The nasty smell at the back of your mortgage
The housing market is moving again and this will inevitably result in an increase...
The April 15 Tax Deadline
With April 15 looming, the initial deadline for US people to pay their taxes, we take a look at why so many Americans are saying...
Net investment income tax
The net investment income tax is a new tax charged at a flat rate of 3.8% which will apply for the first time on Federal income...
Net investment income tax
The net investment income tax, which applies for the first time from Jan 1 2013, imposes a rate of 3.8 percent to certain net...
Changing Attitudes towards DOMA
In June the Supreme Court heralded the way for change. The Defense of Marriage Act (DOMA) was deemed unconstitutional;...
Taxing by citizenship - a much needed break by the IRS?
The IRS has recently introduced the Streamline Voluntary Disclosure programme. This scheme has been offered as something akin to...
US citizens and green card holders renouncing citizenship
As reported in the Wall street Journal last week, figures show the number of US citizens renouncing their citizenship is on the...
Foreign Account Tax Compliance Act (“FATCA”) Update
Draft forms received The IRS has received for public comment, draft versions of three forms which will be required in the...
Filing your Report of Foreign Bank Accounts
Form TD 90-22.1 FBAR This is a reminder that, the deadline for filing the 2012 Report of Foreign Bank Accounts (FBAR) is 28 June...
June 17 - Time for those abroad to file their taxes!
For US citizens and resident aliens residing overseas the due date for tax filing is fast approaching.
Oh no... I haven’t filed my US tax returns
A guide to coming clean to the IRS and getting up to date with your taxes Fix it, fix it quickly, and don’t do it again. That’s...
American Taxpayer Relief Act of 2012 signed by President Obama
The largely anticipated “American Taxpayer Relief Act of 2012” was signed in to Law by President Obama on 2 January 2013.
Tap in the Press!
Heather considers how the abolition of Extra Statutory Concession C16 (which allowed certain business owners to wind up their...
Pension annual allowance charge
The annual allowance rules which took effect from 6 April 2011 lowered the maximum annual amount that an individual can...
TAP in the Press!
Heather Miller has been published again in Taxation magazine – Click here to read her double feature on buying and selling a...
TAP in the Press!
Heather Miller, our new tax consultant, has been published this week in Taxation magazine – click here to read her article on...
2010/11 TAP TAX SURGERIES!
Changes to HMRC’s penalty regime mean that taxpayers who submit their 2010/11 Tax Return late, face far heftier fines than ever...
Autumn Statement - New "Seed Enterprise Investment Scheme" (SEIS)
Inevitably, the main focus of the Chancellor's Autumn Statement was the state of the UK's finances and the outlook for future...
Non-residence and "Full-time" employment overseas
HMRC show their hand... It has been reported that HMRC have outlined proposals regarding their view on the meaning of...
GAAR: A Step Too FAAR?
One of first taxation related announcements of the new Conservative/Liberal coalition government was that they would start an...
When you can have your cake but can't eat it
A number of tax avoidance case decisions have made interesting reading, mainly for the wrong reasons. They all focus on Tax...
