Faith Glasgow

Unplanned UK stays could mean big tax bills for UK expats

British expatriates and non-residents who are stranded in the UK because of coronavirus travel restrictions could face unexpected tax bills, warns accountancy group UHY Hacker Young.

Under what’s known as the statutory residency test (SRT), non-residents and British expats pay UK income tax only on UK earnings; they pay no tax on their overseas earnings, provided they have been absent from the UK for one complete tax year and spend a maximum of 183 days in the UK in any tax year.

Coronavirus anxiety is contagious

Early in January, I came across a tweeted witticism that ran along these lines:
1 January: 2020 off to a good start!
2 January: Australia on fire
3 January: WWIII declared

Six tips for Isa investors in a volatile market

The end of the tax year is fast approaching, and investors will be finally getting around to dealing with the Isa investment they’ve been meaning to sort out for the last few months.

But the market falls of the past week – the largest since the financial crisis of 2008 – will have made the whole job a much more troubling business for many.

Why more investors are taking matters into their own hands

Ten years ago, who’d have predicted that the number of online accounts belonging to direct investors (those without a conventional adviser) would more than double in three years, and rise by 800,000 – 16% – over the course of just 12 months?

Yet those are the findings of a survey of the direct online investing market recently released by consultancy Boring Money. It found not only that direct investor numbers have rocketed, but that the past year alone has seen a 20% rise in assets under administration (AUA) for online providers dealing directly with investors.