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Reminder of eight-step export routine
- March 18, 2021
- Posted by: mardenco
- Category: Overseas tax issues
No CommentsFollowing the end of the Brexit transition period, the process for exporting goods to the EU mirrors the process for all other international destinations.
Businesses, especially those that only trade
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Financial support for exporters
- April 1, 2020
- Posted by: mardenco
- Category: Overseas tax issues
There is a special financial support targeted specifically at exporters. This is in addition to the package of government-backed and guaranteed loans and other measures designed to support businesses
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Foreign currency considerations
- November 15, 2018
- Posted by: mardenco
- Category: Overseas tax issues
There are special rules that must be considered when buying and selling assets in foreign currency. This is sometimes known as a barter transaction. As a general rule when a foreign currency
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High penalties for offshore tax evasion
- October 3, 2018
- Posted by: mardenco
- Category: Overseas tax issues
There are higher penalties for taxpayers evading Income Tax and Capital Gains Tax relating to offshore matters. HMRC’s compliance check notice entitled Higher penalties for offshore matters, has
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Requirement to correct tax due on overseas assets
- July 18, 2018
- Posted by: mardenco
- Category: Overseas tax issues
The Requirement to Correct (RTC) legislation created a new statutory obligation for taxpayers with undeclared UK tax liabilities that involve offshore matters. The RTC applies to any person with