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    1. Saint_UK is offline

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      #1

      Doing business in the UK as a US resident - Do I owe taxes in the UK?

      I am a UK citizen but am living in the USA. I have a US based & registered business and have shipped merchandise to a fulfillment warehouse in the UK to be sold through UK venues. The merchandise was imported through customs under my US company name.

      I don't reside in the UK, and i don't have a physical presence in the UK. Am i right in thinking that i still owe HMRC taxes on the income i made there?
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    2. WholesaleMod's Avatar
      WholesaleMod is offline

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      #2
      Hi Saint_UK,

      Welcome to Wholesale Forum

      If you are selling to your UK customers as a US business, you owe the UK government duties and VAT when your goods enter the UK and VAT when the goods are sold.

      Given your circumstances, you could have a warehouse in the most fiscally convenient country in the EU in terms of import duties and VAT, and then have individual orders shipped from that warehouse to UK customers (assuming shipping times would be acceptable to your customers and that the extra shipping cost would be offset by the savings in import taxes and VAT).

      Remember that we are not tax advisors, you should consult your accountant for full details on taxation treaties between the UK and US and for a review of your specific circumstances.

      Hope this helps
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    3. Dusty Willy is offline

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      #3
      It depends on the State where you last resided. In many cases, you will not need to file a State Income Tax Return; however, each State has its own rules and some states require you file a Tax Return even if you have moved abroad. Your tax preparer will check the rules for your state when preparing your US expat taxes and let you know if you need to file a State Return.

    4. wcttech is offline

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      #4
      Double taxation agreements - an introduction

      Different countries have their own tax rules and laws. When you have income and capital gains from one country and are resident in another, you may have to pay tax in both countries under their different tax laws. To help avoid being taxed twice - 'double taxation', the UK has negotiated double taxation agreements with many countries.

      On this page:

      When you might be affected by double taxation
      How double taxation agreements work
      Income Tax and double taxation relief
      Income Tax and double taxation relief - exceptions
      Capital Gains Tax and double taxation relief
      Double taxation relief if you're a student or apprentice
      Countries that have a double taxation agreement with the UK
      Claiming tax relief or a refund under a double taxation agreement
      If there is no double taxation agreement
      Dual Residence

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