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Record-breaking £150bn investment unveiled during US State Visit
Record-breaking investment into the UK of £150 billon unveiled during historic US State Visit, boosting jobs and catapulting growth
US financial giants boost UK investments and jobs across London, Edinburgh, Belfast and Manchester
The Government has announced over £1.25 billion of inward investment from US finance companies, creating 1,800 UK jobs.
US Expats: IRS announces expiration of unused ITINs
From 2016, US Individual Taxpayer Identification Numbers (ITINs) will expire if they are not used on a federal income tax return for five consecutive years.
The new policy is designed to ensure that anyone legitimately using an ITIN for tax purposes can continue to do so; however, inactive ITINs will expire regardless of when they were issued.
I have filed | I have not filed |
Any ITIN will remain in effect as long as you continue to file US tax returns (this includes anyone issued an ITIN after January 1, 2013). You will no longer face mandatory expiration of your ITIN and you will not need to reapply in 2018. | The IRS will begin deactivating unused ITINs in 2016, which should provide enough time to file a valid return. Once an ITIN has expired, individuals will need to complete and file a Form W-7. |
If you are a US expatriate based outside of the US, F&L’s Expatriate Tax Team are here to assist you with all the US and UK tax advice and compliance services that you require