Foreign Tax Credit Relief (FTCR) is an essential tool for individuals who earn income abroad but reside in the United Kingdom. It exists to prevent double taxation of the same income. However, HMRC has identified frequent mistakes in credit claims and has made it clear that enforcement is being strengthened. In addition, HMRC has begun sending letters to high-income taxpayers who used FTCR in their 2023/24 tax return, highlighting the correct criteria for its use and advising caution when...

Understand what will be the main changes in taxation for non-domiciled individuals in the United Kingdom from 6 April 2025

Major victory for retirees living abroad, who will now receive similar tax treatment to residents in Brazil, paying only a rate proportional