Posts tagged tax returns & rebates
Deadlines for Tax Returns & Rebates for Expats in Cyprus and UK

Tuesday Tax Blog: This Week Deadlines for Tax returns & Rebates for Expats in Cyprus and UK

Cyprus Temporary Tax Returns & Payments are now due. 

UK tax returns and  rebates for tax paid in the UK in 2016/17 can now be reclaimed.  

Are you certain your tax affairs will stand the scrutiny of Exchange of information ?

ProACT Sam Orgill  has written a free guide for Expats to download explaining the new risks from the taxman, follow the link to download:

Assessing the Risk - How the Tax man Shares Your Information

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Business Relief for Cyprus Business Behind With Social Insurance Payments

Embattled Cyprus Companies, Self Employed and all Employers are offered welcome relief in new legislation that offers tax saving and a payment plan to bring Social Insurance upto date. Businesses must make a written application to receive tax savings of interest and avoid legal action for social insurance arrears.

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UK Tax Free Savings Secured for Expats

Sam Orgill of ProACT Partnership discusses how Expats can get UK Tax Free Savings in a secured financial environment

Interest from Banks and Bonds

From April 2016 a £5000 tax saving income allowance exists in the UK. This saves £1000 tax. Yes you can earn £5000 in interest tax free.

Also the UK no longer charge tax on bank interest at source, from 2016 you will have to declare and pay tax on saving in a UK tax return or your country of tax residence.

Tax Saving Tip: Build up savings for UK interest free of UK at source and Cyprus Tax

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Expat Pension Tax Saving

Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats Living and Working Abroad in Cyprus UK

Pension Tax Saving for Expats

Expat Savers can make more tax savings following changes in the UK Budget and with Cyprus Taxes.  They include Pension Freedom to pay 5% pension income tax or lower.

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UK Budget Pension Changes for Expats

Sam Orgill of ProACT Partnership highlights how UK & Cyprus Expats can take advantage of New Pension Freedoms

UK Budget Pension Changes

Pension Freedom came in 2015 and further changes are planned after consultation of the last year by the Treasury.  This could affect the tax saving when adding into a pension, but should not affect the rules taking money out.

Under Pension Freedom you can still draw a 25% tax free lump sum; this may go in this budget? In addition, a new freedom to draw the whole pension fund is available to anyone over 55. The catch is you pay income tax in the year of drawing pension up to 40% on lump sums over £43,000.

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Spring Changes - Tax Saving in Cyprus & UK for Expats

Sam Orgill of ProACT Partnership with Tax Saving Tips ARISING from the Budget Affecting Pensions Property & Investment for EXPATS

Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats.  Changes have come from the UK e annual tax budget , while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners. 

Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.

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