On-line mailbox for reporting work related fraud anonymously

The department of Employment have created an online mailbox for reporting work related fraud anonymously. Previously, illegal workers were nervous of reporting an irregularity because they had to give their details, even though the information was know to the work inspectors, but was never communicated to the employer. Now the process is totally anonymous. The move is clearly aimed at detecting those companies that hire under the table workers, or issue part time contracts and then force their workers to work eight hours or more , and also those people who are collecting unemployment benefits and working on the black …

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Assets Reporting – modelo 720

Those who are newly arrived and fiscally resident in Spain  must present a modelo 720 which reports to the Spanish tax authority their assets exceeding 50,000 euros in any one of various categories which are held abroad. This could be Property owned or bank accounts held in the Uk for example Taxpayers who presented the modelo 720 in previous years before, you must resubmit again in the following cases: When any assets and rights that the taxpayer holds exceeding € 50,000 per category were never declared previously either in error or omission. When there has been an increase in on …

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Recreational Fishing Permits

These can be applied for via the local town hall but they take quite a few days, so you may not get it before your holiday ends!.. if you go to Santa Cruz (weekdays before 1pm) the licence will be issued on the spot. Application form here . Form to pay the fee here, address of the office: Avda. de Anaga, 35, Edf. Usos Múltiples I, 11ª planta 38001, Santa Cruz de Tenerife – Tfno. 922.47.50.00 – Fax 922.24.68.43 if you are in the south of Tenerife there is also a local Fishing club who are happy to help visitors

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What to do if you are living permanently in Tenerife and are retired or coming up to retirement age.

There will be no change to the rights and status of EU nationals living in the UK, nor UK nationals living in the EU, while the UK remains in the EU.   If you have previously worked in Tenerife, you will find it has an effect on the way you claim your UK pension entitlement when you come to retirement age. How do I claim my UK pension?  You should be sent a EC rules claim form 4 months before you reach your State Pension age. Contact the International Pension Centre (IPC) if you haven’t received a letter 3 months before …

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Residents and Fiscal Residency

Moving to Tenerife : Fiscal Residence and Keeping things straight Having a residencia certificate (a green wallet sized piece of paper) or a TIE plastic card with your NIE printed on it is often confused with being fiscally resident. Theoretically you could be staying for longer that 90 days in a Spanish tax year – and so required to comply with immigration regulations and get a residencia certificate – but then you could revoke the certificate or TIE after 170 days and go to another country outside of Spain. In that example you would not be fiscally resident in Spain. However …

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Fines for late or Non Presentation of Spanish Taxes

If you miss the deadline for presenting the Spanish tax return you risk fines and other additional costs on top of the tax owed. Below is a guide to late submission and non payment fines and interest charges. This is just a guideline as each case is judged individually and there are sometimes reductions for timely payment of the fine. Late presentation fine: Up to 3 months over due date 5% of tax due Between 3-6 months 10% Between 6-12 months 15% More than a year overdue 20% Interest at 5% is charged on top for payments more than 1 …

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Non-Resident Home Owners and Annual Property Taxes

After legislative changes in 2008 many non-resident owners of property in Spain were under the misconception that they can forget about submitting their annual tax forms! It would be nice but it is not the case. Up until the end of 2007 all non-residents with property in Spain were also liable to pay a “wealth tax” (Patrimonio) which was calculated on the value of their assets in Spain (i.e. property, savings, etc.) With the introduction of Spanish Law 4/2008 passed on the 23 December 2008, the tax was amended by reducing the taxable base to zero. Is this technically a …

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How to Find Your Catastral Information

As some of you may have noticed if you pay your “Impuestos Sobre Bienes Inmuebles” (local authority rates) through your bank they are no longer giving the full details on the bank slips as they did before the arrival of SEPA bank payment rules. If you have presented a modelo 210 previously you will know that the amount you pay is calculated using the “Valor Catastral” (Rateable Value) of your property in Spain and this is no longer shown on the receipt itself. The information now has to be found on line. For IBI payments made from 1st January 2018 …

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