Gone are the days when you presented your Annual  Income Tax Return (RENTA) to the Spanish Tax Office informing them of your annual income, generally pensions and  revenue from capital, declaring interest generated from savings accounts and investments held in Spain and omitting interest received from the UK or other country.

The European Savings Directive has reorganized the Fiscal system within Europe and now banks located in any European country where you hold Saving Accounts and Investments now have the obligation to inform the tax authorities of the country where you are resident, of the existence of income from capital investments that you receive. If your country of residence is Spain, the Spanish Tax Office will receive this information from European Banks for residents of Spain.

During the last two years there has been a gradual introduction of different regulations aimed at minimizing tax fraud. Which is why, it is very important that residents of Spain and residents of the UK, account for tax correctly on their annual income irrespective of whether this is generated in the country of residence or elsewhere.

Also, if you own a property in the UK, are considering selling and are Resident of Spain, before doing anything find out what the consequences are going to be to you  tax wise. With the correct advice, any decision you make will lead in the right direction, meaning the payment of less tax.

Are you a British Expat, living in Spain and have not got your tax affairs in order either in Spain or with the UK?

You must take into consideration that once you begin to submit an annual income tax return in Spain, you should also put your tax affairs in order in the UK. It is a process that needs to be dealt with simultaneously in both countries.  For this it is fundamental to receive advice from professionals who understand both tax systems, British and Spanish.

Do not leave something as important as your tax affairs in the hands of inexperienced people. UK TAX REFUND SL, registered agents with HMRC, will ensure every detail is taken into account. We will also assist, if need be, to complete and submit your annual Self Assessment tax return to HMRC.  What is more important is that more than 95% of people when beginning to pay taxes in Spain, are entitled to receive a refund of tax from HMRC in the UK.

Consult with UK TAX REFUND SL, who is able to deal with your UK tax affairs on your behalf with HMRC and make dealings between both countries easier and hassle free.

The service that UK TAX REFUND provides not only recovers any overpaid tax, but as part of the process ensures that your Spanish tax obligations are met and all your UK tax affairs are in order.

For more information give us a call on 965636938 or email us at: michelle.hamilton@uk-taxrefund.com