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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 …

Residents / Taxes

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 …

General / Permits

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 …

Pensions / Residents

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 …

Residents / Taxes

Income Tax in Spain – Declaración de la Renta

Every year the Spanish tax man doles out billions of euros in tax rebates. Average rebates work out at around 780 euros each, for low to medium income tax payers. They can do this because they have already had your money. Unlike in the UK, where the tax man sets allowances against income in advance, in Spain, most people have a straight percentage of their gross pay deducted from their pay packet or they pay …

Residents / Taxes

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 …

Taxes

Fines for late or Non Presentation of Spanish Taxes

If you miss the deadline for presenting theSpanish 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 uinterest 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 of due date 5% of tax due Between 3-6 …

Non Residents Tax - modelo 210 / Taxes

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 …

Cars and Driving

UK Driving Licences and Spanish Law

UK licence holders, whose licences are not renewed after periodically checking driving fitness as in other European countries, they will be required to renew the licence after a period of two years from the date of their registration as a Spanish Resident has passed or just before the licene expires ie age 70, whichever is the sooner, and then at regular intervals thereafter. Interestingly if you live in permanently Tenerife or indeed any where else …

Non Residents Tax - modelo 210

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 full details on the bank slips as they did before the advent of SEPA bank payment rules. This can be a problem as from 2015 payable 2016 and onwards from then there is a basic change to the rules for calculating the tax as well as a change to …

Brexit

BREXIT

On 29 March 2017, the British government triggered Article 50, which begins the formal process of the UK leaving the EU.Currently there are no changes to the rights and obligations of British citizens living or visiting Spain, but if or more likely when changes are confirmed I will post information here, you can also check the UK Government’s own links here and here as updates occur.