The UK had a political financial statement on 13/3/18 but with no changes or announcements on fiscal matters.
This Spring statement is an update only.
A November budget to implement tax changes following April.
That’s the new UK Way for Budget statements
November’s Budget confirmed the UK tax and financial position in the year to Brexit
ProACT Sam 14/3/18
Read MoreSam Orgill of ProACT Expatriate Advice considers what we know so far and recent developments in Brexit and the 4 areas of impact Expats should consider and review to protect Residency Rights, Tax on Income, securing Overseas Property, Medical Cover post Brexit.
Find out more at our website www.proactpartnership.com
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Sam Orgill of ProACT Expatriate Advice considers what we know so far and recent developments in Brexit and the 4 areas of impact Expats should consider and review to protect Residency Rights, Tax on Income, securing Overseas Property, Medical Cover post Brexit.
Torpedoed
The British government find itself vetoed out of a financial settlement on EU Brexit not by one of the 27 remaining EU states, but by a King in the North, the leader of the Northern Ireland ‘government’ effectively vetoed the Financial Settlement to which the EU member states had agreed in principle.
Instead of announcing the way forward for trade talks this week, the British government is left scrambling for a 3rd way to EU Brexit.
In the EU game of thrones the king makers will continue to seek a 3rd way. The final agreement will be similar to the current proposal, if we get that far.
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Sam Orgill
ProACT Partnership - Tax Saving Expat Experts
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Read More“In the Game of Thrones You Win or You Die” Cersi Lannister told the Noble Edwin Stark. And so it seem in this weekly drama of EU Brexit for Expats. Very political, high risk stuff. There will one winner it seems, who will that be? EU, Merkel, Crobyn, France, Russia, Saudi, Nicola Sturgeon of the SNP, Boris Johnson, Theresa May?
“It’s the economy stupid” was a campaign phrased by a relative of mine, James Carville, as campaign strategist for Bill Clinton in the 1991 Presidential election. It was successful in an election campaign that unseated the sitting president George W Bush, who lost in an campaign held during a recession.
Teresa May is in an election campaign that will run until 23:00PM on 29th March 2019 when the UK will be committed to leaving the EU, a date to be written into UK law. If she gets the government that far. Until that date anything could change and everything may.
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If you are Living and Working Abroad in Paradise there may be a piece of paper on its way to you.
Big changes to Tax and Pension for Expats means the Tax Man in your home country and your country of residence may be sending you a letter or a tax demand in the next few months.
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ProACT Sam Orgill of www.proactpartnership.com Tax Saving Expat Experts
Everything’s the same in the UK. Same Chancellor, same prime minister, same tax year.
Then everything is different – the UK Budget date has been changed, from Spring to Autumn, (March to November), the UK government has lost its majority, the EU have turned up the heat on EU Brexit, politicians are feeling the heat from the opposition and unions, inflation is rising, people are being squeezed financially.
Click Here to Read 5 Things to plan for EU Brexit for Expats connected to the UK Budget and tax changes ahead.
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