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Expats Mount Fresh Referendum Challenge

The government has dismissed the legal action, saying that similar attempts have already failed. However, Croft Solicitors, which is representing the claimants, says that the fact the Electoral Commission only recently found BeLeave to have illegally failed to declare £675,000 gives the action fresh relevance; solicitors acting for the firm have already enjoyed success with an article 50 legal challenge at the Supreme Court.

“Our clients contend that the prime minister’s decision to trigger article 50 and start the Brexit process was based on a factual error, namely that the referendum truly represented the will of the people following a lawful, free and fair vote,” commented Rupert Croft, the managing director Croft Solicitors.

“They argue that the decision to trigger Article 50 to withdraw from the EU was therefore not in accordance with the UK’s constitutional requirements. We look forward to having this important constitutional case considered by the court.”

The claimants to the case believe that it is about much more than the future of their expat regular savings, their pensions or indeed even the fair process and outcome of the EU referendum; it is essentially about the integrity of democracy. “It is fundamental that illegal intervention in British elections does not go unchecked. The principle of nullity when a decision was made on incorrect or misleading facts is a longstanding one and we wish to ensure that continues to apply at this crucial time,” said one British expat living in France who is party to the action.

Another of the claimants, a British expat living in Spain said they “hope to demonstrate that you cannot win by cheating. If there is another referendum, there must not be a repeat of the illegal activity witnessed last time around”.

Croft Solicitors says that an estimated 1 to 2 million British nationals live, work or have other interests in the EU and stand to be “profoundly affected” by Brexit.

UK in EU Challenge is looking for help with its legal challenge. More information about contributing can be found on their website.

If you are concerned about how Brexit will affect your finances, your local Blacktower team of international financial advisers can help you understand your current rights and will be happy to discuss how you can best prepare before the EU split goes ahead.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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RTC Deadline Looms

Clocks and TimepiecesTime is fast approaching for UK taxpayers and expats with UK tax obligations to ensure they meet the 30 September 2018 deadline laid down by HMRC for the declaration of all UK tax liabilities on overseas income and assets that fall under the auspices of the Requirement to Correct (RTC) legislation, Finance (No 2) Act 2017.

Non-compliance, even if it is inadvertent, has the potential to be met with uncompromising penalties, so anyone who is any doubt about their tax obligations regarding offshore investments – if you have expat regular savings or wealth management concerns outside of the UK – should contact their financial adviser immediately as a matter of urgency.

The penalty for most breaches is 200% of the tax that has been avoided. However this may be reduced to 100% depending on the taxpayer’s perceived level of compliance. That said, the minimum is 150% in cases where disclosure has been prompted by HMRC. Larger non-disclosures may be punished by further penalty of 10%

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