Following the release earlier this year of data to URSSAF by
the Tax Administration, we are aware that many expatriates living in France
have recently received a letter from URSSAF stating that contributions to the
PUMA health regime (formally CMU) will be due from them within the next month.The normal rate of PUMA contributions is 8% of
the household's "revenus de patrimoine" ie investment income and capital gains.
Expatriates in France in possession of an S1 healthcare
certificate from their home country are urged to obtain an Attestation from CPAM which should show code 70 on the attestation, meaning that their
healthcare costs are borne by their home country ie United Kingdom, the
Netherlands, Ireland etc and, thus, the PUMA charge is not applicable.
If the attestation
does not show code 70, it is possible there was a clerical error when the S1
was first registered with CPAM.Often
the CPAM forms erroneously show a retired person as “inactive” rather than “autres/retraité”
so it will be necessary to get this amended to show the all-important code 70.
The Treasury announced yesterday that there will be a significant
revamping of the proposals for MTD.
Businesses with income below the £85,000 VAT threshold, and
which previously were caught under the original proposals, will no longer have
to report online under the digital regime.The Treasury have said they can join the digital revolution “at a pace
that is right for them” although tax reporting online may be brought in at some
point in the future.
The modified proposals see businesses above the VAT
threshold being required to keep online digital records from April 2019 – but only
for VAT reporting.For other taxes,
there is no requirement to keep or update digital records quarterly until “the
system has been shown to work well and no earlier than 2020”.
PetersonSims are delighted at this announcement and Gerry
Sims FCA said “At last, common sense has prevailed and the Government has
listened to the views of the accounting profession and recognised that MTD
would have been a significant time and monetary cost for business, just at the point
when they would be facing other economic challenges associated with Brexit ”.
The new legislation will form part of the new Finance Bill
which is expected to be introduced before Parliament’s summer recess.
PetersonSims are expanding the Expatriate
Tax team and we are delighted to announce the appointment of Oliver Dupuy as
Expatriate Tax Director from 3 July. Oliver joins us from Ernst
& Young, having worked in a senior role in expatriate tax in their Cambridge,
London and Moscow offices.
He joins our existing Expatriate Tax team,
providing advice on all aspects of expatriate taxation and bringing a wealth of
Big 4 experience to our clients. Oliver is located in our new offices in
Letchworth and can be contacted by email at email@example.com or by telephone on +44 (0)208 068 1400
Following the Queen’s Speech last
week, it is rumoured that a number of Finance Bills will be published on 28
June, which may include the proposed legislation regarding the changes to the “non-dom”
However, a leading Counsel, closely involved with the
drafting of the “non-dom” legislation has publicly stated that it is
likely that the proposed changes to the “non-dom” regime would be deferred such
that the new rules would apply with effect from 6 April 2018.It is thought that it would be too difficult
to introduce this complex legislation part way through the current tax year and that non-doms are already experiencing too much uncertainty in their tax situation in the 2017/18 tax year.
However, until that draft legislation is published non-one will know the
approach the Government will take with regards to implementation of the
proposed “non-dom” changes.
If you have any questions on the proposed “non-dom” legislation,
then please contact Paulette Peterson on firstname.lastname@example.org
BEWARE Scam emails (example below) have been sent out to French taxpayers purporting to come from the French Tax Administration. If in any doubt contact your local SIP and do not respond.
Cher(e) client(e) :
Vous avez choisi de télérégler vos impôts par Internet et nous
vous en remercions.
Après les derniers calculs d'administration fiscale d'impôt sur
le revenu,nous avons déterminé que vous êtes admissible à recevoir un
remboursement de notre part d'un montant de 158,40 €
Quelles sont les démarches à suivre pour effectuer mon
remboursement d'impôts ?
Veuillez accéder à votre dossier personnel est mettre à jour vos
coordonnées postales et bancaires pour que votre remboursement soit
effectué dans les plus brefs délais et vous nous permettez dans les 3 jours
ouvrables pour traiter votre situation.
It was announced today that the Finance Bill will not
contain the proposed MTD (Making Tax Digital) legislation so, effectively, this
initiative is shelved until the next Government decides on the way forward!