Tuesday, 31 July 2018

New Senior Expatriate Tax Manager joins PetersonSims

We are delighted to announce that Fiona Mitchell, Senior Expatriate Tax Manager, has joined our UK-based team.

Fiona, like all the expatriate tax team, comes from a Big 4 background bringing with her years of experience in all areas of expatriate tax, advising on issues impacting UK in-bounds and out-bounds, dual residents and non-doms. 

She has expertise in assignment planning, Double Tax Agreements, international social security planning, capital gains and non-resident capital gains tax planning, international stock plans & RSUs and Owner Managed Businesses where UK directors have moved overseas.  

Fiona can be reached on +44 (0)208 068 1400 and by email:  fmitchell@petersonsims.com

Friday, 18 May 2018

General Data Protection Regulations from 25 May 2018 - Privacy Policy

New data protection laws are coming in to being from 25 May 2018 and as part of the requirements we have published a new privacy policy. This will be available on our website and by email if requested and is published in full below. Please contact info@petersonsims.com if you have any questions.

Wednesday, 16 May 2018

Retirees reaching UK state pension age post-Brexit

At a recent British Embassy Outreach meeting the UK Ambassador to France was asked by PetersonSims in the Q&A session whether future retirees, who reach UK state pension age post-Brexit, will still be able to apply for an S1 certificate which entitles the individual to access the French healthcare regime.  The Ambassador categorically confirmed that S1 certificates for such individuals will continue to be issued, so there will, effectively, be no change to the current position, post-Brexit.

BREXIT: A1/S1 Applications under EU Regs 883/2004

EU Regs 883/2004

At a recent British Embassy Outreach meeting, the UK Ambassador to France was asked by PetersonSims in the Q&A session whether consideration had been given to the continuing application of the EU Regs 883/2004 (relating to the place of payment of social security contributions for posted workers and workers pursuing an activity in two or more EU states).  The Ambassador confirmed that the status quo will be maintained for those covered by the Withdrawal Agreement.  This would infer that the current rules relating to A1 and S1 certificates will remain unchanged, post Brexit, for such individuals. 

We stress that this was a verbal response to our question and we are seeking a written response from the Embassy to confirm this statement.  Furthermore we have asked for a statement regarding the position of future workers who are not covered by the Withdrawal Agreement.

Friday, 16 February 2018

Reporting Deadline - 30 September 2018 to avoid harsh penalties!

The Finance Act 2017 brought in a “Requirement to Correct (RTC)” for taxpayers who think or know that they have underpaid UK tax in respect of overseas income, assets or taxable activities.  The deadline for the RTC is 30 September 2018  so taxpayers who do not come forward and report their omissions to HMRC by that date, face much stiffer penalties than hitherto. 

From 1 October 2018, if a disclosure or discovery is made, the taxpayer will face penalties which start at a minimum of 100% of the tax due.  In serious cases there is also an Asset Based Penalty of up to 10% of the underlying asset and additional penalties levied if HMRC can show that a taxpayer moved their assets in order to avoid reporting. 

By 1 October 2018 more than 100 jurisdictions will have exchanged data with the UK under the “Common Reporting Standard”.  So, as at the deadline, HMRC are being provided with information on UK taxpayers’ bank accounts, investments and trusts held around the world.

The intervening period to 30 September 2018 is the last opportunity to make a voluntary disclosure to HMRC and benefit from the lower penalty regime.

If you require further information or assistance to make a voluntary disclosure to HMRC then please contact us on info@petersonsims.com

Thursday, 30 November 2017

FRANCE: CFE bills are now released and are due for payment by 15 December

The CFE (Contribution Fonciere des Entreprises) bills for Micro-entrepreneurs (formerly Auto-entrepreneurs) and other businesses are now available online.

Access your CFE avis via your "espace professionnel" and follow the links to the CFE avis to make the payment online.   

No prompts or reminders are sent out by the Tax Administration, so you forget to pay this at your peril!