UK-US TAX ADVISORS NEWS & UPDATES
From headline-making Budget announcements to government tax reforms and worldwide events, we address the key financial issues and emerging trends, weighing up their potential implications for US citizens in the UK, UK residents with US tax obligations, and cross-border businesses, alongside sharing our in-depth industry knowledge, people updates and company news.
Stay informed about the latest US-UK tax developments and compliance requirements.
Form 5471: A Cash-Rich UK Company and the PFIC Overlap Rule
A UK company sitting on cash can be a PFIC. Here is when the CFC overlap rule moves a US owner onto Form 5471 instead of Form 8621, and who it leaves exposed.
US Tax Return Preparation for Expats: Employer-Paid UK School Fees
Your employer pays your children's London school fees. The US taxes that as pay, the UK taxes it as a benefit. Here is how both returns should report it.
Missed FBAR: A UK Fine Wine Storage Account
Wine held in bond is usually not an FBAR account, but merchant cash balances and wine funds can be. How US citizens in the UK fix a missed FBAR and Form 8938.
Missed US Tax Returns: UK Good Leaver Share Awards
Left a UK bank as a good leaver and your RSUs kept vesting? How both countries tax post-departure awards, and how to fix unreported vests without double tax.
Form 5471 When You Own Exactly 50% of a UK Company
Exactly 50% of a UK company is not a CFC, but US owners still face Form 5471 duties. How attribution, share classes and casting votes change your category.
Streamlined Foreign Offshore: Gains From a UK Management Buy-Out
A UK management buy-out creates a large US capital gain, NIIT and often Form 5471 duties. How American founders and managers in the UK catch up without penalty.
US UK Tax Returns Preparation: Salary vs Dividends From Your UK Company
How a US citizen running a UK limited company reports salary and dividends on both returns: PAYE, dividend tax, FEIE, FTC baskets, NIIT and Form 5471.
Missed US Tax Returns: Interest on a UK Lombard Loan
A UK Lombard loan can create a US investment interest deduction, a currency gain and PFIC traps. Here is how it plays out when your US returns are unfiled.
Missed FBAR: Director of a UK Flat Management Company
Volunteer director of your block's RMC or RTM company? Signature authority over its UK bank accounts is FBAR-reportable even though none of the money is yours.
Form 5471: When a UK Company Pays a Dividend in Specie
A UK company handing you property or shares instead of cash triggers tax on both sides and detailed Form 5471 reporting. Here is how US owners get it right.
US-UK Tax Insights — FAQs
What do the US-UK Tax Advisors insights cover?
Our insights explain US-UK cross-border tax developments in plain English — UK Budget and HMRC changes, IRS updates, FATCA and FBAR reporting, the US-UK double taxation treaty, and planning points for US citizens in the UK, UK residents with US ties, and international businesses.
How often are new insights published?
We publish new articles regularly, and always around major fiscal events such as the UK Budget, Autumn and Spring Statements, and significant IRS or HMRC announcements. The listing is sorted by publication date so the latest cross-border tax updates appear first.
Who writes the articles?
Articles are written and reviewed by the US-UK Tax Advisors cross-border tax team — specialists in US and UK taxation, IRS and HMRC compliance, FATCA/FBAR reporting and double-taxation treaty planning. Content is kept current as legislation and thresholds change.
Is the information a substitute for personal tax advice?
Written & reviewed by the US-UK Tax Advisors cross-border tax team — chartered specialists in US and UK taxation, IRS and HMRC compliance, FATCA/FBAR reporting and double-taxation treaty planning.
Last reviewed: July 2026. This page is for general information and is not personal tax advice.