Expat Returns
Expat Returns
These circumstances include:
- Those US citizens who may be seconded by their employers to work in the UK
- Those US citizens already living in the UK
- Those who are considering retiring to the UK
Employees coming to work in the UK
Tax Equalisation may be agreed with your employer, but you will still have requirements to file tax returns in both the US and the UK. In addition, other considerations are:
- Optimising your date of arrival in the UK
- Tax Residency issues
- Income/Means Certification in support of Visa application
- Remittance of funds into the UK and tax implications of this
Employees coming to work in the UK
Tax Equalisation may be agreed with your employer, but you will still have requirements to file tax returns in both the US and the UK. In addition, other considerations are:
- Optimising your date of arrival in the UK
- Tax Residency issues
- Income/Means Certification in support of Visa application
- Remittance of funds into the UK and tax implications of this
US Citizens Living in the UK
Depending on your circumstances, your US tax return must be filed annually by 15th April, or if living overseas, a 2-month extension to 15th June may apply to file your return.
If you also have more than the equivalent of US$10,000 in savings or in other financial assets outside of the US, you will have to file a FinCEN 114
(Foreign Bank Account Report) annually.
Considering Retirement to the UK?
If you are considering retiring to the UK, then we can assist in:
- Planning your arrival date
- Taxation of your retirement income
- Sources of your pension income
All of the above have a bearing on the taxation of your income be it in the UK, the US, or both.
SHOULD YOU NEED TO DISCUSS YOUR SITUATION, PLEASE CONTACT US.
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Address
Library House, 18 Dyke Parade, Mardyke, Cork, T12 A8D7, Ireland
