Home | News & Events | Media & Publications | US Tax & Financial Services Tax Director Speaks in The Times

US Tax & Financial Services Tax Director Speaks in The Times

Andrew Aldridge, tax director at US Tax & Financial Services, recently provided expert comment for an article in The Times, which highlighted how the IRS is targeting US persons in the UK under new rules to combat tax evasion.

The article, which was recently published in The Times on Saturday 15th March 2014, highlighted how The IRS is on the trail of thousands of Britons who are US persons and are liable pay tax. The US is one of only a few places in the world to tax by citizenship rather than residency.

The news article also explained how the IRS is encouraging individuals to come forward and take part in their Offshore Voluntary Disclosure Program (OVDP).

In the article, Andrew said: “Under an Offshore Disclosure Program you are required to produce eight years of income tax returns.”

He also noted that there were potential penalties for failure to file various informational returns of $10,000 a year per return or the taxpayer could agree to a one-off penalty of 27.5 per cent of net worth.

The full article can be found here: http://www.thetimes.co.uk/tto/money/article4034017.ece

To speak find out more about our range of tax planning and consultancy services click here or contact us to arrange further comment or an interview with Andrew Aldridge contact us.

US Tax FACTA Comment Andrew Aldridge

Did you Know?

  • Fact Seven

    Thanks to FATCA banks must disclose their American account holders to the IRS or local tax authority.
  • Fact Six

    The IRS is actively looking for non compliant US persons.
  • Fact Five

    It takes an average of 16 hours to do IRS Form 1040.
  • Fact Four

    There are over 500 IRS tax forms.
  • Fact Three

    Since 1916, illegal income has been taxable.
  • Fact Two

    US persons must file tax
    returns no matter where they live and work.
  • Text One

    7 million Americans abroad
    only 500,000 compliant

Here to Help

Here to Help

Contact one of our specialists

US Tax & Financial Services Ltd
3 Harbour Exchange Square
London E14 9GE
United Kingdom

T: +44 20 7357 8220

F: +44 20 7357 8225

Email Us

US Tax & Financial Services Sarl
Brandschenkestrasse 20
CH-8001 Zurich

T: +41 44 387 8070

F: +41 44 387 8079

Email Us

US Tax & Financial Services Sarl
Blvd. Helvetique 36
CH 1207

T: +41 22 700 2500

F: +41 22 700 2526

Email Us

Middle East, Asia and the Americas
US Tax & Financial Services GmbH
Löwenstrasse 28
PO Box 1367
CH-8021 Zurich

T: +41 44 387 8070

F: +41 44 387 8079

Email Us

US Tax & Financial Services Ltd / MAJATTORNEY
Norra Skeppsbron 5B
SE 803 10, GAVLE

T: +46 26 18 82 22

M: +46 70 61 88 016

Email Us



 View our glossary

Tax terms can be complicated, contradictory and confusing. Use our glossary to help you understand requirements from the IRS and HMRC.

Find Out More

Our People – Celebrating 30 Years

Celebrating 30 Years

 Celebrating 30 Years

We're proud to celebrate over 30 years working with international expat communities around the world. Through all the changes we've seen as our world evolves, our core value to serve our clients wherever they are, remains the same. Meet the team.

Find Out More About US