The Tax Compass Podcast

Tech Equity Awards and the £1 Million Question of When to Exercise Nov 12, 2026 27:32 You joined a fast growing tech company. Your salary is modest. Your share options and RSUs are where the real value sits. Then the company lists, the share price climbs, and the tax bill arrives. It is often far bigger than you expected.In this episode of the Tax Compass Podcast, Simon Roue and Laura Sant look at how UK tax applies to equity awards in high growth companies. They cover the journey

UK Budget 2026: Savers, Landlords and HMRC’s Offshore Focus Oct 30, 2026 11:32 The Autumn Budget 2026 looked like a quiet one. Look past the speech, though, and there are changes that matter. This is especially true if you save, rent out property or hold assets abroad.In this solo episode, Simon Roue of LSR Partners gives his verdict on the Budget. He explains what changed. He explains what to watch.In this episodeSavings income and rental income will be taxed at 24%, 44% an

Dealing With HMRC: Inconsistency, Delays And A Few War Stories Oct 8, 2026 21:08 Clients regularly tell us they cannot believe what we describe. So in this episode, Simon Roue and Laura Sant open the file and talk honestly about what dealing with HMRC actually involves.It is not a complaint session. It is an explanation of why matters that should take one phone call sometimes take nine months, and why having someone handle it for you is worth the time it saves.In this episode:

Section 9A Enquiries: What Happens When HMRC Questions Your Tax Return Sep 10, 2026 13:41 HMRC has 12 months from the date you file to open an enquiry into your tax return. These enquiries are rare. LSR Partners have submitted thousands of returns and have seen one opened on their own work.But if one does land, the ground shifts underneath you. The burden of proof moves. It is no longer for HMRC to prove you wrong. It is for you to prove you are right.In part two of this miniseries, Si

HMRC Nudge Letters: What They Mean and What To Do Next Aug 13, 2026 16:36 A brown envelope from HMRC. A letter saying they have information about offshore income or gains you may not have disclosed. No detail about what that information is. If that has happened to you, or you are worried it might, this episode is here to take the heat out of it.Simon Roue and Laura Sant explain why nudge letters get issued, how international information sharing between tax authorities w

Moving to Italy: Flat Tax, Pension Regimes and What UK Expats Get Wrong Jul 23, 2026 28:30 If you are thinking about leaving the UK and moving to Italy, the tax opportunity can be substantial. But the complexity is just as significant. Get the planning wrong, and you could find yourself liable to tax in both countries at the same time.In Episode 23 of the Tax Compass Podcast, Simon Roue is joined by Fabrizio Battaglia, partner at Studio Tributario Associato - Battaglia Cesari Zangrillo

Split Year Treatment: How to Break UK Tax Residence Without Getting It Wrong Jul 9, 2026 18:54 Most people who are planning to leave the UK focus on day counts. How many days can I spend in the UK? When do I need to be gone by? What ties do I have?What they often miss is that the statutory residence test can make you a full year UK tax resident from a single day in the country. Day counts do not always come into it.In Episode 22 of the Tax Compass Podcast, Simon Roue and Laura Sant take on

Employment Income UK Tax: PAYE, Tax Codes, Pensions, Benefits and Why Payroll Often Gets It Wrong Jun 11, 2026 20:33 If you are employed and you assume that because your company runs payroll your employment income tax is being handled correctly, this episode is for you.In Episode 21 of the Tax Compass Podcast, Simon and Laura cover the full landscape of employment income and UK tax. This is an area where people most commonly discover either that they have been overpaying tax for years or that they have an unexpe

The Statutory Residence Test: A Plain English Guide to UK Tax Residency for Leavers and Arrivers May 14, 2026 21:25 If you are leaving the UK, arriving in the UK, or already living overseas, your UK tax residency status is the single most important factor in determining what you owe HMRC and where.In this episode, Simon and Laura tackle the Statutory Residence Test head on. Not the 125-page HMRC manual version, but a clear, honest, high-level guide to how it works, why it matters, and what you need to be thinki

Employment Related Equity — RSUs, Options and What Happens When You Move Countries Apr 9, 2026 19:40 If your employer pays you in shares as well as salary, this episode is for you.Simon and Laura tackle one of the most consistently misunderstood areas of UK tax: employment related equity. Whether you have RSUs, share options, or some other form of equity award, the UK tax treatment is not always obvious, and the consequences of getting it wrong can be significant.They start with the basics: what

UK Pensions Explained: Annual Allowance, Tapering & Salary Sacrifice Changes Mar 12, 2026 23:40 Pensions are powerful, but they are increasingly complex.In this episode of the Tax Compass Podcast, Simon Roue and Laura Sant break down:The £60,000 annual allowanceWhat counts towards itThe tapered annual allowance for high earnersAnnual allowance chargesCarry forwardSalary sacrifice vs relief at sourceThe National Insurance angleProposed changes that could affect employer contributionsIf you ea

Temporary Non-Residence Explained: UK Tax Risks for People Leaving the UK Feb 12, 2026 30:15 Leaving the UK doesn’t always mean leaving UK tax behind.In this episode of the Tax Compass Podcast, Simon Roue and Laura Sant break down the UK’s Temporary Non-Residence rules; a complex but critical area for anyone moving abroad.If you’ve been UK tax resident for 4 of the last 7 years, leaving the UK for fewer than 5 full tax years can trigger anti-avoidance rules that bring overseas income and

MTD for Income Tax: Who’s In, When It Starts, and How to Prepare (Without the Panic) Jan 8, 2026 26:13 Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is approaching fast, and HMRC’s advertising push is only adding to the noise. In this episode, Simon and Laura cut through the confusion and explain exactly who MTD ITSA applies to, when it starts, and what the practical impact will be for sole traders and landlords. You get the key thresholds (and how they step down each year), what qua

Self Assessment Explained: When to File, How to Exit, Refunds & Penalties Dec 11, 2025 26:04 Self Assessment shouldn’t be scary, but the rules are easy to miss, especially if you’ve lived or worked abroad. In this episode of the Tax Compass Podcast from LSR Partners, Simon Roue and Laura Sant explain, in plain English.We cover:Tax year & deadlines: 6 Apr–5 Apr; 31 Oct (paper), 31 Jan (online), 30 Dec (collect via tax code if <£3,000)Who must file now: self-employment/partnerships,

Autumn Budget 2025: The Key Tax Changes You Need to Know Nov 27, 2025 29:45 In this immediate post-statement breakdown of the Autumn Budget 2025, you get a clear, structured explanation of the tax changes announced by Rachel Reeves, with a focus on how they affect expats, non-UK residents, and globally mobile individuals.You’ll hear straightforward guidance on:• Frozen income tax and NI thresholds until April 2031What fiscal drag means for your long-term tax position.• Ne

One Year of the Tax Compass Podcast: Real Stories, Real Decisions, Real Tax Impacts. Nov 13, 2025 28:58 The Tax Compass Podcast is now 1 year old! To celebrate, Simon Roue and Laura Sant from LSR Partners look back at the past 12 months, sharing clips and stories that show how tax is really about life choices, from moving house to starting a new job, or even returning to the UK.In this special episode, you’ll hear highlights from across the series, including:Repatriation from Asia during COVID, and

Budget 2025 Speculation - Income Tax, Pensions, VAT & the Risk of Exit Taxes Oct 9, 2025 42:04 The Budget has been pushed back from October to November 26th, and that delay alone has raised eyebrows.In this episode of the Tax Compass Podcast, Simon Roue and Laura Sant from LSR Partners explore:Why the Budget delay could signal big changesHow income tax bands, personal allowances and fiscal drag might evolveThe likely changes to pension reliefs and lump sumsVAT reforms, including the £90k re

Pilots and Aircrew - Do They Pay UK Tax? Statutory Residence, Treaties & Workdays Explained Sep 11, 2025 24:12 Pilots, cabin crew, and international transport workers have unique rules under HMRC’s Statutory Residence Test. In this episode, Simon Roue and Laura Sant of LSR Partners unpack what counts as a UK workday, how 'deemed days' impact residency, and how tax treaties affect income for internationally mobile employees.Key topics include:Statutory Residence Test and international transportation workers

What’s Changed in the 2025/26 UK Tax Year: FIG Regime, Fiscal Drag and More Aug 14, 2025 18:58 In this episode of The Tax Compass Podcast, Simon Roue and Laura Sant return with a comprehensive guide to the major changes in the 2025/26 UK tax year. Whether you're UK-based or an expat, you'll want to understand how these shifts could affect your tax position.They cover:The new Foreign Income and Gains (FIG) regime and who qualifiesTemporary Repatriation Facility: what it means for former remi

Gifting Property, Money & Shares: What the UK Tax System Actually Says Jul 10, 2025 18:34 Gifts can be a useful tax planning tool, but they can also come with unexpected tax bills if you don’t understand the rules. In this episode of The Tax Compass Podcast, Simon and Laura dig into the tax implications of gifting assets in the UK, from property to shares to money.You’ll learn:What taxes apply when gifting property: CGT, SDLT, and IHTHow married couples and civ

The End of Non-Doms? Understanding the UK’s New FIG Regime for Expats Jun 12, 2025 26:39 In this episode of The Tax Compass Podcast, Simon Roue and Laura Sant tackle one of the most talked-about changes in UK tax for expats: the end of the non-dom regime and the arrival of the Foreign Income and Gains (FIG) regime.Whether you're a globally mobile individual, UK expat, high-net-worth resident, or just curious about how these tax reforms are reshaping the financial landscape, this

Understanding the UK Tax System - What Expats (and Their Employers) Need to Know May 15, 2025 24:48 In this episode of the Tax Compass Podcast, Simon Roue and Laura Sant step back from technical details and tackle the UK tax system from the top. From the bizarre tax year (April to April) to PAYE quirks and the self-assessment minefield, we break down what new arrivals to the UK, and those supporting them, need to understand to stay compliant and avoid nasty surprises.Whether you’re an expat, glo

Don’t Pay Twice: Your Guide to Double Tax Treaties Apr 10, 2025 27:14 Double tax treaties might sound boring, but they could save you thousands -or cost you just as much - if misunderstood. In this episode of The Tax Compass Podcast, Simon and Laura from LSR Partners explain how these treaties really work, how the UK statutory residence test fits in, and what happens when you're resident in more than one country. We also dive into US tax quirks and wrap up with some

Property Taxation Mar 13, 2025 26:56 In the latest episode of the Tax Compass Podcast, Simon and Laura delve into the complexities of UK property taxation, offering valuable insights for both residents and non-residents. The discussion covers key topics such as capital gains tax implications when selling property, the nuances of the Principal Private Residence (PPR) relief, and the obligations of non-resident landlords under the UK's

Are your UK pension contributions a good investment? Feb 13, 2025 18:08 In this episode of The Tax Compass Podcast, we delve into the intricacies of UK pension contributions and the importance of securing tax relief. We discuss common pitfalls, especially for high earners, and emphasise why contributing without tax relief can be detrimental. Tune in to understand the nuances of annual allowances, the implications of over-contributing, and strategies to optimise your p

Simon's Story and the start of LSR Partners Jan 9, 2025 18:35 This episode dives into a personal story that led to the creation of LSR Partners.As an expat, Simon Roue faced the complexities of bringing his family back to the UK after working overseas for 10 years. In the new episode, Simon shares his journey - how he ended up working abroad, the challenges he faced navigating UK tax rules, and why he turned to Laura Sant for her expertise.What started as a

The Abolition of the UK Non-Domicile System and Overseas Workday Relief Nov 21, 2024 31:00 The UK Non-domicile system is being abolished from the 6th April 2025. Simon Roue and Laura Sant look at the changes to the rules and Overseas Workday Relief and how this will affect non-doms, expats and people looking to move to the UK.If you need to pay the right tax in the right place at the right time contact LSR Partners:Visit: lsrpartners.comEmail: clientservices@lsrpartners.comor call +44 3

The 2024 UK Budget Nov 6, 2024 25:21 A look at the 2024 UK Budget one week on. Simon Roue and Laura Sant talk through the tax implications for their global clients, including National Insurance, Non-Dom Rules, Statutory Residence Test, Capital Gains Tax and more.If you need to pay the right tax in the right place at the right time contact LSR Partners:Visit: lsrpartners.comEmail: clientservices@lsrpartners.comor call +44 330 165 5340

Episodes

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