Monthly Archives: October 2016
SDFCU, ACA Provide Access to US Banking
For many Americans living abroad it has been an almost insurmountable problem to open and maintain a US bank account without a US residence or mailing address. Not having a US bank account can cause innumerable problems, such as how to make a large tax payment to the IRS. Many foreign banks in Switzerland will […]
USTAXFS Swiss team goes for a run
US Tax and Financial Services in Zurich joined the likes of Ebay, UBS, UPC Cablecom, KPMG and others for an evening 6K run (and walk, for some) in Oerlikon. The event was part of the 2016 B2Run event. B2Run is a teambuilding event that creates lasting bonds. By getting off office chairs and putting on […]
An End to HMRC’s ‘Light Touch’ Approach?
HMRC have announced a consultation outlining a new scheme to tackle offshore tax evasion. Named “Requirement to Correct” (RTC), the consultation proposes that taxpayers who have unreported offshore tax liabilities should come forward before 30 September 2018. This date is significant as it coincides with the date when all countries who have committed to the […]
One Last Chance – HMRC Offers a New Tax Disclosure Scheme
The Worldwide Disclosure Facility (WDF) is a new HMRC scheme aimed at encouraging taxpayers to come forward about unreported offshore tax liabilities. Launched on 5 September of this year, WDF is designed for taxpayers who want to disclose UK tax liabilities that wholly or partly relate to offshore income or assets. WDF continues the work […]