UK tax liab for income earned whilst in USA
Hi there
This is pretty complicated and so I'm more than happy to pay for professional advice if anyone has any recommends, but any general advice gratefully received also.
I have been faithfully filing US tax returns on my earned income since I arrived in the US in Nov '05, but have not filed returns with the Inland Revenue in the UK. I know that I need to pull my head out off the sand and not just murmur something about double taxation to my wife whenever she brings it up.
Whilst in the US I have earned a mixture of dividends (from a UK company) and business income from consultancy work I have carried out on my own account. All work has been performed whilst in the US, but paid by UK companies in pounds into a UK bank account.
I'm pretty sure that I am right to have paid US (fed, NYS and NYC - ouch) taxes on all that but want to straighten out whether and how I need to settle up with the UK tax people. I understand that the UK tax liability will depend on whether the income is deemed to have 'arisen' in the UK, but can't find any guidance on the criteria used to draw the line there.
Thanks a ton in advance for any pointers - either tips on the issues themselves, or where to look for a dually qualified UK/US acct.
Cheers
Adam
p.s. great forum. Look forward to chipping in my 2p!
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