British nationals abroad (BNO passport holders) who need assistance with their UK tax matters can turn to a BNO visa tax advisor, who is an experienced tax specialist. BNO passport holders are nonetheless governed by UK tax legislation even though they are allowed to live and work in the country without a visa. This implies that they might be required to pay UK tax on all of their income, including that which comes from sources outside of the UK.
BNO passport holders can benefit from the following assistance from a tax adviser for BNO visas:
Recognise their tax obligations in the UK
Sign up with HMRC.
Finish their income tax returns.
Request tax breaks and benefits.
Handle tax disagreements
Consider their upcoming tax obligations.
What makes a BNO Visa Tax Advisor necessary?
You can require the services of a BNO visa tax advisor for a variety of reasons. These consist of:
You have intricate UK tax matters, including investments in real estate and income from abroad.
You have doubts about your competence to file your own taxes.
HMRC has contacted you regarding your tax matters.
You intend to either relocate to or depart from the UK.
How to Locate a Tax Advisor for BNO Visa
To locate a tax advisor for the BNO visa, there are several options. These consist of:
Getting referrals from family or friends
conducting an internet search
Making contact with the Chartered Institute of Taxation (CIOT) or the Association of Taxation Technicians (ATT)
Qualities of a BNO Visa Tax Advisor to Consider
You should confirm the following qualities in a BNO visa tax advisor before hiring them:
certified and subject to ATT or CIOT regulations
knowledgeable about working with BNO passport holders
current with the most recent tax laws in the UK
able to express ideas succinctly and simply
What to anticipate from a tax advisor for BNO visas
In your meeting with a tax advisor for BNO visas, they will:
Talk about your unique situation.
Inform you of your tax responsibilities in the UK
assist you in filing your taxes
Make claims for tax breaks and benefits on your behalf.
Handle any tax disagreements on your behalf
What is the fee for a BNO Visa Tax Advisor?
A BNO visa tax advisor’s fee will vary based on your tax situation’s intricacy and their level of knowledge. However, the cost of an initial consultation should be anticipated to be in the range of £100 to £500.
A BNO visa tax counsel should be consulted if you are a BNO passport holder and you are unclear about your UK tax responsibilities. You may make sure that you are in compliance with UK tax legislation and understand your tax liabilities by working with a trained tax advisor.
Apart from the previously mentioned points, the following are some other items to remember:
Immigration advisors and BNO visa tax advisors are not the same. Immigration advisors are not qualified to give tax advice, but they can assist you with the visa application process.
Should you possess a BNO passport and are uncertain about your obligation to pay UK tax, get guidance from HMRC.
The HMRC website has further details regarding BNO passport holders and UK tax.