rk164

Hi,

I moved back to the UK in mid 2013 from the USA. I'm looking for an accountant to complete my self assessment for 2013/14 which includes SA109.

My current accountant told me that 'remittance basis rules got more complex in 2013' and he is not able to help me.

Any recommendations for firms in or around London who can help?

Thanks in advance

rk164

Vadio

Is there a specific reason why you want to use the remittance basis rather than the arising basis? It is more complicated, and if you never intend to return to the USA, I would assume that the money will be needed in the UK at some point.

You can read through the rules for claiming remittance basis here: HM Revenue & Customs: Paying tax on the remittance basis - an introduction

In our case, our income from the US is social security (taxed here) and interest (UK gets first whack) but in 3 more years will also include IRA distributions. We use arising basis, and if/when there's sufficient income to generate US tax, will use tax credits from the higher UK tax to offset US obligations. Your situation may be completely different, and you may well be one of those who actually needs professional advice.

nun

Are you sure you qualify for the remittance basis?

Vadio

Indeed - that is the 1st question to be answered.