Advice for US citizens setting up a business in the UK

Loading…

DarkLight mode

News – 13.06.25

Charity Tax Group webinar: Socrates Socratous shares insights on VAT non-business activities

Webinar recording: Socrates Socratous on VAT and non-business activities in charities … Read more

Insight

Stepping Stones: What Americans need to know when arriving in the UK

So you’ve just landed in the UK, or maybe you’re just about to move over. You probably have a million things … Read more

Upcoming event – 14.07.25

Financial management in turbulent times

CFG OSSIG webinar … Read more

Find us quickly

130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200

Ambient _wave_ Buzzacott _top_20_accountancy _firm _for _charities _corporates _individuals

Advice for US citizens setting up a business in the UK

Due to the complex cross-border tax legislation between the US and UK, there is no one size fits all solution, and there are many variables to consider before making any decisions.

In this video, Paul Baker and Meera Shah highlight the key considerations for US citizens looking to set up a business in the UK. Take a look at the Stepping Stones article below for more information, including a case study on how the process works in practice.

If you're a US shareholder of a controlled corporation (CFC), meaning you own more than 50% of the total value or combined voting power of a company based outside of the US, you should be aware of Global Intangible Low Taxed Income (GILTI) - take a look at this article for more information.

https://www.youtube.com/watch?v=XpQT1doQiAM

The impact of GILTI

You might also be interested in… Stepping Stones: US citizens setting up a UK business

When thinking about setting up a UK company, there is no one size fits all solution, and of course there are many variables to consider before making any decisions. If you have already established a UK company, it would be wise to consider how the 2018 tax reforms impact your global tax bill and whether an alternative type of business structure would be preferable.

Without careful consideration and advice, the complexity of US/UK cross-border tax rules could see more of your hard-earned money go straight to the pockets of the taxman!

The case study below includes examples of how we helped our client, which includes advice on four key areas of US tax:

Form 8832 is the entity classification election, known as the 'check-the-box' election
Controlled Foreign Corporation (CFC) rules, including, Subpart F anti-avoidance rules
Passive Foreign Investment Company (PFIC) rules and tax treatment
Global Intangible Low Taxed Income (GILTI)

About the author

Paul Baker

+44 (0)20 7556 1391
bakerp@Buzzacott.co.uk
LinkedIn

Without careful consideration and advice, the complexity of US/UK cross-border tax rules could see more of your hard-earned money go straight to the pockets of the taxman!

The case study below includes examples of how we helped our client, which includes advice on four key areas of US tax:

Form 8832 is the entity classification election, known as the 'check-the-box' election
Controlled Foreign Corporation (CFC) rules, including, Subpart F anti-avoidance rules
Passive Foreign Investment Company (PFIC) rules and tax treatment
Global Intangible Low Taxed Income (GILTI)

Advice for US citizens setting up a business in the UK

Paul Baker

Read more…