Small change

THE days of sorting through near-useless one and two cent coins among your change could soon be over as the European Commission comes ever closer to scrapping them.

Commissioner for Economy, Paolo Gentiloni, has said that possible changes include eliminating them altogether and introducing rounding-up rules across the EU. The EC carried out a public survey which showed that 70% of respondents were in favour of the abolition of the coins and the introduction of uniform rounding-up rules.

By Alberto Lejarraga

the income tax return declaration (IRPF) opened on April 11. Taxpayers are required to give evidence of their earnings in 2022. And these include any profit obtained from cryptocurrency. In 2021, only 35,2000 IRPF declarations for that year’s tax period included crypto profit. These made a total of €759 million.

Not every taxpayer is aware of this requirement. According to a study carried out by the Spanish Association of Financial Users (Asufin),

How to choose an ethical financial adviser in Spain?

FIDUCIARY Wealth has been shaping the wealth of the British expatriate community in Spain through unbiased tax-led wealth management advice since 2007.

CHOOSE A QUALIFIED PROFESSIONAL

Seek out a financial adviser with a UK level 4 qualification in financial advice or an equivalent qualification from the European Financial Planning Association (EFPA).

DO YOUR RESEARCH

When making your selection, carefully research all of the financial advisory firms you are considering. Looking online will help you gather information.

EXPERTISE

You should hire a financial adviser with extensive knowledge of cross border tax planning for British expats.

PROFESSIONAL ASSOCIATIONS

A financial adviser with a strong professional link to a prestigious, well-regarded law and accountancy firm/network is a safer bet.

COMMUNICATION IS KEY

The way a financial adviser communicates will tell you a lot of what you need to know, including any red flags. They should employ clear and easy to understand language, dealing in precise details rather than vague terms.

HONESTY IS PARAMOUNT

A crucial trait in any financial adviser is honesty. You should feel able to trust that your adviser is honest and that your interests are their key priority.

LISTENING SKILLS

Expect any good financial adviser to ask plenty of questions about yourself and your financial needs