Best Tax Preparation Services in Farnham

A UK Accountants Guide To Living Here As A US Expat If you're considering a move to the UK from the States, then it's a good idea to get clear on how the tax system in the UK works and what taxes for expats mean. There's so many things to learn when you move countries, so let us help you get to grips with UK taxes. Whilst there are some similarities between the UK & US tax systems, there are also a lot of differences! Adjusting can be complicated so let's look at the big differences to prepare for: You'll pay more income tax in the UK in the US at around 12%.However, this will also include your healthcare so you won't need extra Medicare payments. Tax brackets differ too with the same rates being paid country-wide and not decided by the state they live in. Both systems are incremental and high earners will pay more, but if you earn less than £12.750 in the UK it is classed as non taxable income. Paying taxes in the UK is fairly simple if you're employed as you're employer will take care of it on your behalf. The process is more complicated for self-employed people as they need to report their income via an annual self-assesment tax return. as well as a different process for paying tax for the employed and self-employed. Click through to read more UK tax advice for US expats, as well as other useful things to know if you plan to move here. Zebra are experts in expat tax and offer a range of accounting services to help take the stress out of tax.