Tax and residency

Accountants Glasgow provides a comprehensive tax and residency advice and support service for those who are either considering relocating outside of the UK, working in multiple countries or who wish to move to the UK to live and work.

HMRC has a wide range of powers to enable them to tax and where necessary penalise those who do not declare the correct types and amounts of income. This can be a complex and confusing process, for example, if you have a different residence from where you claim to be domiciled. If you get this wrong, you could be liable for a tax investigation and subsequent penalties.

UK Residents moving to another country

For anyone who has decided to relocate to another country, perhaps due to retirement or job requirements it is important to plan carefully so that you don’t fall foul of HMRC’s rules for UK residents moving abroad.

Some of the key considerations include:

  • What will the impact be on your income tax calculates
  • When will you be leaving and potentially returning to the UK
  • How many days will you be in the UK if you plan to move between locations
  • Any contracts of employment you have in place

If the aim is to become a non-resident in the UK so you limit tax implications, we recommend speaking to our experts who can guide you through the entire process.

Non-UK nationals relocating to the UK

Should you be looking to move to the UK as a non-UK national, then it is vital that you plan ahead so that you can arrive knowing everything is organised and there will be no nasty fees, taxes or penalties waiting for you.

Some of the key considerations include:

  • How to go about confirming your status as a UK taxpayer
  • Calculating potential income tax and capital gains tax obligations
  • The use of any oversees companies that relate to UK assets or income

Once more, the Accountants Glasgow team are here to help you thanks to the years of experience supporting people moving to and from the UK.

Why you should choose Accountants Glasgow

Our team of tax experts are able to ensure you can move to or from the UK seamlessly, without the worry that you will fall foul of HMRC’s tax regulations. We have many years of experience in this field so you can put your trust in us to advise you on the right actions to take.

Ultimately, our mission is to help you maximise your personal wealth and protect it from unnecessary penalties. We will work professionally, transparently and efficiently to ensure you get the very best results.

So take the first step today and get in touch to speak to one of our experts. We will guide you through every step of your journey.