Other Services

UK Tax Clarity for Global Clients.
Pay the right tax in the right place at the right time.

Compliance and curation

An additional service that LRS Partners is developing is our compliance and curation service. Often clients who invest privately across various asset classes – for example angel investing for start-ups, early stage equity series investments and similar – do not have a user-friendly platform or hub for investment information like they would do for a portfolio of listed securities which would typically sit within a standard brokerage account.

As part of assisting clients with compliance and tax return obligations, LSR can act as a ‘hub’ for varied investment information. This can be particularly helpful for estate and inheritance purposes where individuals may not have provided family and relatives with a roadmap to understanding a varied and potentially esoteric investment portfolio.

Certification and HMRC

Anyone who receives income from the UK, whether they are resident in the UK or not, will need to pay UK tax on that income. To do this they will first need to apply for a Certificate of Residency and then complete and submit a Tax Return in order to pay the correct amount of tax.

If someone pays tax on overseas income in the UK, having a Certificate of Residency may also help them claim tax relief in other countries.

Applying for a Certificate of Residency and then completing and submitting a UK Tax Return can be a complicated process if someone is not used to UK taxation system.

If you receive income from the UK but are not a UK resident, we can help you apply for your Certificate of Residency. We also offer personalised assistance to help you complete and submit your UK Tax Return correctly.

Trust taxation

A trust is a way of managing assets (money, investments, land or buildings). There are many different types of trust and they are taxed differently.

For anyone managing a trust or receiving income from one, it is recommended that they take advice about how to pay tax on the various different forms of income related to trusts. This is particularly important if an individual has higher levels of assets and income from various sources and countries as these need to be taken into account in the tax calculations.

If you manage a trust or receive income from one, we can provide advice and support about what kind of tax you will need to pay and how you will need to pay it. This expert advice will take into account the entirety of your specific wealth and assets portfolio.

Equity awards

If an individual has worked in the UK and/or in different countries for the same employer and received non-cash pay or equity-based awards (such as various forms of stock), then the tax calculation of those awards can become complicated as it must take into account the different locations.

If you have worked in the UK and in different countries for the same employer we can help you understand the impact on the taxation of your equity-based awards and ensure that you have paid the correct tax in the UK.

Employment income

As a UK employee, can you be sure that you are paying the right tax?

In the UK, employers are required to deduct tax directly from wages through the Pay As You Earn (PAYE) system. The amount of tax employers deduct is based on a Tax Code which is given to them by HMRC.

If you are an employee, you would hope that your employer would deduct the right amount of tax from your wages, but this does not always happen. There may also be situations where, as an employee, you might end up paying too much tax. This is something that can happen, for example, if you change jobs or stop working during the tax year. If you do end up paying too much tax, it is possible with the right advice, to claim this money back. So, it is always worth checking carefully to make sure that you have paid the right tax, even if you pay through the PAYE system.

We can help you to check if the UK tax you have paid over a financial year is correct and if it isn’t, help you to claim that money back.

Rental income

Anyone owning property or land in the UK, wherever they live in the world, must complete a Self-Assessment tax return in the UK and pay all related taxes.

If you own land and property in the UK, we can help you with the UK Self-Assessment process ensuring all the right information is included, the Self-Assessment is submitted on time and the correct tax is paid.

Investment income

There are many investment schemes in the UK that are taxed at lower rates and sometimes no tax needs to be paid at all.

If you are a UK investment holder (whether the investment is interest on cash, dividends or other financial assets), we can provide tailored advice and support to manage your investments in the most tax-efficient way. Where tax does need to be paid, we can help you pay the correct amount of tax in the right place at the right time.

Overseas income

The UK has many different tax regulations around earnings from overseas. These regulations will vary and can become complicated depending on where you live or how much time you spend in the UK.

If an individual lives in the UK or spends large amounts of time in the UK, then any money that is earned from abroad might also need to be taxed in the UK.

If you earn money from outside the UK, we can provide advice and guidance on UK tax regulations ensuring that you pay the correct amount of tax, in the right place, at the right time.

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“Explained complicated concepts simply and concisely; and helped me to understand residency requirements, double tax treaty treatment and filing requirements.”

Frieda Levycky

Private individual