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Where Taxpayers and Advisers Meet
Returning to the UK after more than 9 years abroad
I am a British expat living and working in the Middle East since 1994. My plan was to return to the UK next year, however If I were to return before April 6th am I going to have to pay tax on all my earnings from the current tax year and if so at what rate will I be charged? I really need to return to the UK as soon as possible but am worried that I cant afford to!
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Ian McTernan CTA
- Posts:1232
- Joined:Wed Aug 06, 2008 3:02 pm
- Location:Bedford
- Contact:
You will only be deemed resident from the date of arrival and only liable to tax on earnings received after that date. To avoid complications, ensure that all bonuses and other payments are made by your employer prior to arriving in the UK.
Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com
Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com
McTernan Associates Ltd
Chartered Tax Advisers
Bedford
Email through link on website:
http://www.imcternan.com
Chartered Tax Advisers
Bedford
Email through link on website:
http://www.imcternan.com
Thank you Jav and Ian for the above discussion. I am also British. I live and work as a higher-rate taxpayer in the US. I receive dividends from a UK-based limited company, which goes towards paying off my existing mortgage in the UK. I've been informed however that I may need to pay extra tax on this income in the US. Doesn't make sense to me, if the funds are used up in the UK. The dividends are taxed in the UK (corporation tax). Any advice would be appreciated.
