U.K. Tax Preparation Services

 

We can assist with the preparation of your U.K. tax return and offer a comprehensive service backed by professional consultants with significant experience in expatriate tax matters. Our specialist knowledge in tax preparation for individual clients enables us to apply the most tax efficient approach whether you are an overseas national working in the U.K. or a U.K. national working overseas. Our service includes:

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• Review of requirements to file tax returns

• Obtaining Self Assessment tax id number for tax return filing

• Review of Statutory Residence Test for residency issues

• Non domicile claims and reliefs, including:

  • Exemptions in respect of overseas income

  • Analysis of “remittance” versus “arising” basis

  • Claims for “Overseas Workday Relief”

• Accommodation and subsistence claims for temporary assignees and mobile commuters

• Analysis and reporting of share based benefits, such as option income or restricted shares

• Foreign tax credit claims where earnings or personal income has been taxed by another jurisdiction to prevent a double tax charge

• Tax treaty claims

• Filing of non resident tax returns for individuals with U.K. source income, including pension income, investments, rental income and analysis and reporting of “relevant” gains on sale of U.K. property

 

We can prepare your return quickly and efficiently wherever you are located. All documents are safely delivered via our online Sharefile Portal and tax returns are filed electronically to HM Revenue and Customs, with immediate acknowledgement of receipt.

We offer fixed fee quotes based on the number and types of income sources to be reported and will always confirm our fee to you before commencing any chargeable work so that there are no surprises.

 

Tax planning when coming to or leaving the U.K.

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It is essential to ensure that your tax matters are considered at an early stage when coming to or leaving the U.K. We can assist with arrival or departure consultations to discuss the key issues. A consultation would be tailored to a client’s requirements, however a selection of key areas covered would include:

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• Review of tax residence and domicile position and implications on U.K. and overseas income and gains

• Registration with U.K. tax authorities

• Non domicile planning, including effective use of remittance basis

• Claims for “overseas workday relief” and correct structure of qualifying bank accounts

• Advise on remittances of income from overseas

• Assistance with filing of HMRC departure forms and non residence claims

 

Tax mitigation strategies

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We can also assist with longer term tax mitigation planning including:

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• Pension planning

• Use of HMRC Enterprise Investment, Seed Enterprise Investment and Venture Capital Trusts

• Acquisition of property via appropriate structures

• Inheritance tax planning

• Tax efficient remittances of income to the U.K.

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