What UK Residents with U.S. Income Need to Know About Tax Compliance

Understanding Your Tax Obligations

As a UK resident with U.S. income, you must comply with both UK tax law and U.S. tax law. This means understanding the reporting requirements of both HMRC and the IRS.

Key Compliance Requirements

You may need to file UK Self-Assessment returns with HMRC and U.S. tax returns with the IRS. In some cases, you'll also need to file FBAR and FATCA forms.

Deadlines and Penalties

Missing deadlines can result in significant penalties. Understanding the various filing deadlines for both jurisdictions is crucial to avoid these penalties.

Documentation and Record Keeping

Proper documentation of your U.S. income sources and tax payments is essential for demonstrating compliance and claiming available reliefs.

Get Professional Help

Our specialists can ensure you're meeting all compliance requirements and claiming all available reliefs to minimize your overall tax burden.