23 Sep 2019

Thomas Cook, first company to create a package holiday in 1841, declares bankruptcy. The Civil Aviation Authority (CAA) confirmed in the early hours of Sunday to Monday that the tour operator has declared itself bankrupt after having failed negotiations between its main shareholder, the Chinese group Fosun, the creditors and the British Government to achieve […]

12 Sep 2019

The dreaded return to school, daycare or the hiring of childcare staff causes a great disruption to the financial family resources. It is a comfort, that in some Autonomous Communities these expenses give rise to deductions in the income tax declaration. Check if your Autonomous Community contemplates or not deductions for the expenses made in […]

09 Sep 2019

Fiscal Inconsistency and the repercussions. The concept of Fiscal Inconsistency began to gain importance when, in May, the Spanish Tax Authorities (AEAT) announced that a self employed person could receive a letter to explain some fiscal inconsistencies, which is basically invoicing below the sector average and is more than enough reason for the Treasury to […]

11 Jun 2019

Official information for British people moving to or living in Spain, including guidance on EU Exit, residency, passports and healthcare. ContentsEU Exit updatesResidency and visasPassports and travelHealthcare Working in SpainMoney and taxPensionsBenefits Driving in SpainVotingBirths, deaths and getting marriedAccommodation and buying property PetsEmergenciesReturning to the UK Are you a UK national living in Spain? Click the […]

07 Jun 2019

Finally the European Commission have annouced yesterday 6.6.2019 that they are referring Spain to the Court of Justice for the EU for imposing disproportionate sanctions on those taxpayers who fail to report their assets abroad. Since 2012, taxpayers have had to report their assets outside of Spain including property, bank accounts and financial assets. Severe […]

16 Apr 2019

New Obligation to Register Working Hours Royal Decree Law 8/2019, was published on 12thMarch 2019, which requires companies to “guarantee” the registration of working hours and the time of entry and exit from work, regardless of the type of contract full-time or part-time of its workers. This obligation begins on the 12thMay 2019 and the […]

Highlights of the General Canarian Budget 2019 – Effective 1st January 2019 1.       General IGIC has been lowered from 7% to 6,5% 2.       0,7% has been lowered to 0,65% for the importation of products subject to the general IGIC of 6,5% 3.       In 2018, the new regime REPEP began, which applied an exemption of IGIC […]

02 Jan 2019

Update on the Modelo 179 – information Report on Holiday Lettings The Spanish Tax Authorities have published their answer to a consultation relating to the obligation to present the Modelo 179, which is due to be submitted for the first time in January 2019,  clarifying who must present the Report. Property Managers If the Property […]

18 Dec 2018

It has been recently revealed that the declaration of assets abroad violates five fundamental rights of the EU.  The reasoned written opinion that the European Commission sent to Spain in February 2017 against the Form 720 has come to light, and in it clearly declares that the regime violates five community rights of freedom.  At […]

Maternity benefits received from Social Security have been declared exempt from Personal Income Tax On the 3rd of October the Supreme Courts ruled that maternity benefits should not be considered as taxable income.  The Spanish Tax Authorities to date, have always subject this to income tax.  Therefore, taxpayers who received maternity benefits in the years 2014, […]