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Bus And Lorry Tax Stirs Up Anger In The Middle East
A proposed road tax on buses and lorries crossing the borders of the United Arab Emirates is stirring up anger across the Middle East. The UAE’s National Transport Authority (NTA) wants to levy the...
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EU Law To Make Families Reveal Private Finances
Expats are among millions of Britons who may have to provide confidential financial information held by trusts on a public register if a proposed bill is passed by European lawmakers. The bill is aimed...
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UAE brokers face tougher Insurance Authority rules
Legislation presenting tighter and more costly rules for the United Arab Emirates’ (UAE) brokers has been introduced by the Emirates Insurance Authority (IA). A summary published in early February...
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School Fees Stretch Wallets Of Even Well-Off Expats
Soaring private school fees are caning the wallets of expat parents, with many worrying about how they can continue to afford to pay the costs. Huge numbers of expat families try to inject some...
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Dubai financial advice warning: New legislation to effect UAE customers
Insurance firms in the UAE are having to up their ante, after news that stricter legislation to protect customers will be written into law on the 28th of November 2014. The UAE Insurance Authority’s...
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BBC DJ Chris Moyles Apologises For Failed Tax Dodge
Former Radio 1 DJ and TV presenter Chris Moyles is the latest celebrity to come under the spotlight for trying to avoid tax by claiming to work as a used car salesman. Moyles was exposed by HM Revenue...
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Expat’s £5.5m Tax Appeal Ends In Victory
An expat’s long-running £5.5 million tax battle with HM Revenue & Customs (HMRC) to prove he is not a British resident and does not owe the money has taken a new twist. Appealing an HMRC victory...
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Forex Firm Fined £6m For Cheating Customers
Foreign currency exchange firm Forex Capital Markets and FXCM UK have been fined £4 million for failing to pass profits from currency movements to customers. The Financial Conduct Authority (FCA) says...
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Charity Shames Irresponsible Workplace Pensions
Rolls-Royce and GlaxoSmithKline, the drugs conglomerate, were slammed as among Britain’s most irresponsible workplace pension schemes by a new report. The pension funds both scored zero out of 40 in...
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EU Ready To Ring Changes Over Roaming Charges
Expats across Europe may face higher mobile phone charges to compensate for a ban on roaming charges. The charges that are much-hated by expats, business people and tourists are set to face a European...
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Preparing a will in the UAE for UK expats
Many UK expats living in Dubai and the wider UAE are unaware that a last will and testament prepared back home may not apply to their assets if they die in the UAE. In addition, if there is no will in...
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Tax Amnesties Clear The Way For Global FATCA
Expats should put their financial affairs in order while they have the chance as governments around the world prepare a global tax net aimed at wiping out avoidance. The operation is headed by the...
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Million Savers Lose Track Of Their Pension Funds
More than a million retirement savers have lost track of workplace pensions worth more than £3 billion, according to government figures. By 2050, the research reckons more than savers will have...
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Osborne Ready To Tax Expat Private Pensions
Chancellor George Osborne is making quite clear to expats that they are either in or out of the UK tax system and cannot expect to rely on financial favours from the British government any longer. Hot...
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Financial Firms Attacked Over Rip-Off Call Charges
Consumer watchdogs are investigating whether financial firms charge rip-off phone charges to customers. The inquiry follows a complaint from consumer group Which? alleging the firms make customers pay...
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Insurance Governance Changes on Horizon in UAE
The UAE Insurance Authority proposed multiple revisions to Insurance Broking regulations back in May 2012. These initial proposals were amended upon consultation and published in November 2013. Now...
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Shariah Compliant Wills for Expats Living in UAE
Expats are flocking to the UAE in their droves as the idea of a better financial and weather climate becomes increasingly appealing. But an aspect of living in a foreign country that can often be...
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New Law Stops Waterfront Homeowners From Selling
Expat homeowners in Portugal may find themselves trapped and unable to sell if they cannot produce official documents under a new law. Anyone owning waterside property who cannot prove the land...
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First FATCA Fraud Goes Before US Courts
US federal prosecutors have laid what is believed to be the first Foreign Account Tax Compliance Act (FATCA) enforcement case before the courts. Prosecutors in New York claim alleged offenders in the...
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QROPS Pensions – New Rules Explained
The tax man has announced Budget reforms for onshore British pensions are to be extended to Qualifying Recognised Overseas Pension Scheme (QROPS) – but what does this mean to expat retirement savers?...
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