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Personal Tax Services in the UK

Short or long term relocation to another country can be overwhelming. With Dyke Yaxley as your tax partner, the one thing that doesn’t need to be taxing is your taxes. Our firm is unique in that we have offices in both the US and the UK. Our team of professionals has the necessary experience in both country’s tax systems to make tax planning and compliance for expatriates as effective as possible. Many challenges arise from being subject to multiple tax jurisdictions, and we have the expertise needed to help you navigate through it all with ease and efficiency.

Our professionals reside in both the US and the UK, so we are better able to understand the intricacies specific to planning and preparing taxes on both sides of the Atlantic. Rob Whittall, managing partner for the practice, is dual qualified to practice in both the UK as a Chartered Accountant and in the US as a Certified Public Accountant. He spends much of his time visiting clients in both the US and the UK.

Personal Tax Planning

It’s all in the planning

Our team at Dyke Yaxley has a vast amount of experience in tax planning for dual citizens and for US employees being relocated to the UK for short and long term assignments. We are able to advise you on the tax implications of items such as UK and US housing allowances, residency rules, temporary living allowances, pension planning and much more. In addition, we have the experience necessary to minimize the tax liability for US nationals working overseas through either the foreign earned income exclusion or the foreign tax credit.

The tax systems in the US and UK are remarkably different. By working with Dyke Yaxley’s experienced and specialized team of accountants, your tax planning will result in the lowest tax liability for both now and in the future.

Personal Tax Compliance

Your taxes don’t need to be taxing

In addition to working with you on all of your tax planning needs, our team is able to provide you with tax compliance services. We can prepare not only your US federal and state tax returns, but also your UK income tax returns. At Dyke Yaxley, we understand the US filing requirements of US citizens living and working overseas, UK tax residents and UK non-resident taxpayers. We can advise expatriates on items such as:

  • the difference in the US and UK tax year and timing of payments;
  • when to apply for a certificate of coverage;
  • when a temporary living allowance becomes a taxable benefit; and
  • which additional filing requirements are necessary for your specific situation, such as the Report of Foreign Bank and Financial Accounts (FBAR), Statement of Specified Foreign Financial Assets (Form 8938), Information Return of US Persons with Respect to Certain Foreign Corporations (Form 5471), Return of US Persons with Respect to Certain Partnerships (Form 8865) and Annual Information Return of Foreign Trust with a US Owner (Form 3520).

Important Considerations When Relocating to or Living in the UK

Now that you are in the UK, how much do you know about pension planning in the UK and the related tax implications? Are you knowledgeable about the difference in US and UK tax laws governing the various UK financial products in which you can invest? Do you understand the two options a US citizen working in the UK has for reporting UK wage income on a US tax return? Does your employer need to apply for a certificate of coverage from the US Social Security Agency? Do you know when your temporary living allowance becomes a taxable benefit or if you have a foreign bank reporting requirement or a foreign financial asset filing requirement? Do you understand UK employment contracts, National Insurance or Social Healthcare and the many other differences found between working in the US and UK?

Testimonials

"Being a US citizen, I am always a subject of US taxes. To make things even more complicated, I now live in the UK, and I am subject to both UK taxes and US taxes as a nonresident. Rob and the team at Dyke Yaxley have made my complicated tax situation straightforward and easy for me to understand...I feel that trust, knowledge, open communication and value for money are essential when it comes to tax planning. I receive all of this from the team at Dyke Yaxley.”

Rachel Makepeace
London, England 

Rob and his team have a great grasp of UK and US tax laws. In an area of great financial complexity, they help to make things very simple for the client. I would recommend Rob and his team to anybody from the UK who is working in the US and needs advice on financial matters. 

David Kerr
Edinburgh, UK 

We want to hear from you!

Please fill out this form and let us know how we can be of service. We will happily offer you a complimentary consultation to determine how we may assist you.

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