Strict US tax laws affect US expats living abroad and as a consequence employees and individuals need specialised advice from local tax experts such as Xerxes Associates LLP, to navigate US tax law minefields. Located in London, our US and UK tax advisors are ideally positioned to advise clients who are based in the UK or are US citizens living abroad.

Clients can rely on our team of experts to navigate the often complex interactions between US and UK tax systems.  With decades of top level experience handling US UK tax matters, you are in good hands with Xerxes Associates LLP.

Legislation such as the Controlled Foreign Corporation (CFC) rules was enacted in order to combat tax evasion. In many cases, these rules impede the ability of ordinary Americans who are living and working abroad. Our London-based US & UK Tax Advice team can assist you with structuring your non-US income in order to reduce the impact of these rules.

Families with US citizens or residents, or those with assets located in the US, might find providing for the next generation difficult. Our team provides expertise in multi-jurisdictional estate planning including advice to US citizens married to non-US citizens, property real estate investments, lifetime gifting, and UK ‘deemed domicile’ issues.

In addition to tax advisory services, Xerxes Associates LLP also provides individuals with a full range of US and UK individual tax compliance services. Our expert team of IRS preparers and Certified Acceptance Agents can help you clearly understand and correctly file all necessary Federal and State forms as required. We can also assist with further ITIN and/or FBAR applications.

Xerxes Associates LLP work closely with US and UK expats from all different backgrounds, circumstances and occupations as well as high-net worth individuals in order to help them through the complexities of US and UK tax compliance requirements (tax imposed on expatriates). If you have a query or would like a friendly no obligation chat about your requirements then please get in touch and we shall be happy to assist you.

US tax responsibilities

If you remain a citizen or permanent resident of the United States while living in the UK, then you must file an annual US tax return with the US federal government based on your worldwide income. If you have assets outside the US, you may be required to file additional informational returns.

Several special provisions and exclusions provided by the US government are available to prevent double taxation, which, when used properly, may minimise or eliminate the amount of tax due. Click here to learn more about US tax responsibilities 

UK tax responsibilities

PAYE as an employee – As an employee, you are subject to Pay As You Earn (PAYE) tax, which will also apply if you are being paid from outside the UK.

As part of the monthly online payroll reporting, if you are a moving employee to the UK, your employer will provide Her Majesty’s Revenue and Customs (HMRC) with a “Starter Declaration.” This will provide certain personal information details such as your start date of employment, home address, hour of work and more.

As soon as HMRC receives a Starter Declaration, it will issue you a tax code. Your employer will also receive a copy of the code, which will be used to determine the amount of tax to be withheld.

Self-assessment tax return – You will be required to complete a self-assessment tax return if you meet any of the following criteria during the tax year. If you would like us to prepare your UK tax return on your behalf and provide advice regarding tax planning to minimize your UK tax obligations, please contact us.

• – Claiming non-resident or non-domicile status?
• – Are you self-employed, a company director or a partner in a business?
• – Have you received income over £100,000?
• – Did you receive £10,000 or more from taxed savings and investments?
• – Have you received more than £2,500 in untaxed income?
• – Are you or have you received income from letting out a property?
• – Have you received foreign income liable to UK tax?

Xerxes Associates LLP work closely with US and UK expats from all different backgrounds, circumstances and occupations as well as high-net worth individuals in order to help them through the complexities of US and UK tax compliance requirements (tax imposed on expatriates). If you have a query or would like a friendly no obligation chat about your requirements then please get in touch and we shall be happy to assist you.

US residents living in the UK are in safe hands with Xerxes Associates LLP with matters related to expat taxes (tax imposed on expatriates). Our team of dual qualified US and UK tax professionals specialise in preparing individual tax returns for US and UK residents and provide bespoke personal tax advice tailored to your unique circumstances.

Depending on what state you are from and your ongoing association with that state, you may be required to file a state tax return even while living abroad. We assist US expats in understanding and complying with the ever-increasing tax regulations and in minimising their tax liabilities whenever possible. Our London office has helped many overseas workers through pivotal phases of their tax liabilities.

You can talk to us about how best to manage your UK and/or US income and pay the correct worldwide tax. The tax rules for foreign domiciled residents come with ever-increasing complexity so we have created a list of services to provide you with a complete solution for all your requirements.

• – UK tax advice
• – US tax advice
• – Submitting tax returns for non-UK residents with a UK source income
• – Residence and domicile advice
• – Advice on UK statutory residency rules
• – Inheritance tax advice
• – UK resident and offshore trusts

Our streamlined filing procedure can be used to bring you up to date with your US or UK returns if you are an ‘accidental American’ or simply behind with your US or UK returns. We can also help you make the most of the incentives available to you, whether you are yet to come to the UK, already here, or have already left.

To speak to one of our expatriate tax experts, please fill in the form below and a member of our team will be in touch to discuss your requirements and how we can help.

Xerxes Associates LLP work closely with US and UK expats from all different backgrounds, circumstances and occupations as well as high-net worth individuals in order to help them through the complexities of US and UK tax compliance requirements (tax imposed on expatriates). If you have a query or would like a friendly no obligation chat about your requirements then please get in touch and we shall be happy to assist you.

Whether you are a US Expat already living in the UK, a US citizen looking to invest in the UK, or are a US citizen considering a new job opportunity to work in the UK, the interaction between the two countries’ tax systems can be very confusing.

The best way to structure your affairs in a tax efficient manner begins with careful planning in advance. We are experts in US/UK tax and are here to help you, your family, and your finances to achieve the best outcomes.

Taking time to plan in advance can protect or secure reliefs and ensure your tax affairs are structured in the most tax-efficient way. Our team of UK and US tax experts can assist you with professional tax-saving strategies which help you keep more of your hard earned dollars and pounds.

Our team is an authority on US UK tax and is here to help you structure your tax affairs in the most tax-efficient way possible. We offer a wide range of tax advisory and accountant services including the following;

• – US Federal and State Income Tax Returns
• – UK Self Assessment Tax Returns
• – Expatriation Services
• – Personal Tax Planning and Advice
• – FBAR and ITIN Assistance
• – Company and Small Business Tax
• – Consultations
• – Streamlined Filing Package
• – CFC’s, Form 5471 and GILTI

In most cases, US expats require the services listed. However, if additional forms need to be completed, we have you covered! We offer US Expats who file their US taxes with us great offers on UK tax returns.

Xerxes Associates LLP is based in London and works closely with US and UK expats from all different backgrounds, circumstances and occupations as well as high-net worth individuals in order to help them through the complexities of US and UK tax compliance requirements.

If you have a query or would like a friendly no obligation conversation about your tax requirements then please get in touch and we shall be happy to assist you. To speak to an adviser about your US/UK Tax matters, please call us on +44 (0)207 411 9026 or email us via info@xerxesllp.com. Alternatively, you can send a message to the team now via our contact form.