Tax with calculator and glasses

Are you Tax Resident In Spain?

Tax planning is a much ignored but vital area for expats living or moving to Spain, particularly for your investments, pensions and estate. Without a personalised, effective tax mitigation strategy it can be very easy to sleep walk into a unknown and significant tax liability.

If any of the following conditions apply the you are deemed to be resident in Spain for Tax purposes:

  • You spend more than 183 days in Spain in one calendar year. The days do not have to ...
Continue Reading →
taxes

Spring Statement 2018: what you need to know

Yesterday the Chancellor of the Exchequer, the Rt Hon Philip Hammond MP, delivered his first Spring Statement to Parliament. The Chancellor used his speech to respond to the latest forecasts from the Office for Budget Responsibility and highlighted some areas of public consultation.

The Spring Statement does not include any new spending or policy announcements.This follows the switch to the new timetable of having a single major fiscal event each year, which began with the Autumn Budget last November.

You can find ...

Continue Reading →

Spain’s Overseas Asset declaration – Modelo 720 2018

The 31st March 2018 is the deadline for residents of Spain to submit their annual Form 720 (‘Modelo 720’) listing their overseas assets is upon us, you must act now.

If you have previously submitted a form, you only need to declare assets if they have been sold or  or appreciated in value.

Who needs to declare?

If you were a Spanish resident in 2017 (see tax residency rules) then you need to consider the below stipulations as laid out by the Agencia ...

Continue Reading →
testimonial banner

Setting up a business in the UK

Starting any business involves a whole lot of moving pieces, some more exciting than others. Brainstorming ideas for a company name and logo? Fun! Tax, paperwork and registering with the government? Not so fun.

The legal structure of your business will determine what you need to do to register your business with the government, how you are taxed and what you are entitled to. Depending on your requirements, if you are thinking of setting up a company ...

Continue Reading →
end 2 end accountany and business consultancy services

Dividend and tax strategies

For many freelancers and contractors with their own limited companies, dividend payments coupled with a basic salary are an effective and tax efficient way to maximise earnings.

Dividends are the sums of money paid out by a limited company to its shareholders. HMRC sets the tax rate on all dividends received. These sums are calculated from the profits the company has made – i.e. the money the company has left after paying all business expenses and taxes.

How ...

Continue Reading →
Sara Marin

The Patent Box regime

The Patent Box began in April 2013 as a government sponsored incentive regime designed to encourage companies to commercialise their intellectual property (IP) in the UK. It was set up to help companies make money from their patented innovations by reducing the amount of UK corporation tax that a company is liable for. Using the patent box can effectively help you to decrease your tax rate and lower the total overall corporation tax you should pay.

How can I ...

Continue Reading →