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Accountant@Work
[email protected], Accountant
Category: Tax
Satisfied Customers: 459
Experience:  Executive Director at [email protected]
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I am permanently leaving the UK moving to my home country

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Hi, I am permanently leaving the UK moving to my home country (Cyprus) later this year. I will be relocating with my employers but will be resigning from the UK company and will be employed by the relevant subsidiary in Cyprus. I hold dual citizenship (British and Cypriot) but I was born and raised in Cyprus. I have been living in the UK for 10 years (5 for studies and 5 for work). I have a lot of questions in regards ***** ***** and what I need to do. My plan is to stay in Cyprus and not come back to the UK so I am hoping that I will cease to be a tax resident in the UK once I submit the relevant forms with HMRC. It is likely that I will travel back to the UK from time to time but I don't expect that to be for longer than 90 days in a year. Is there anything I need to watch out for or do you have a general advice you can give me please?
JA: Have you talked to a tax professional about this?
Customer: No, not yet
JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll be able to help you.
Customer: I don't think so
Accountant@Work

Hi, welcome to JustAnswer. I'm [email protected], a UK-Qualified Chartered Certified Accountant with over 15 years of experience. I'll be answering your question today.

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When you decide to leave the UK permanently, you should submit a form P85. You will be regarded as non-UK resident from the day of departure.

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As non UK resident, all your income from outside of UK will neither be reported nor Taxed in the UK.

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I hope I've answered your question? If, however, any part of my response is unclear, please do let me know and I'll try to explain it further.

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To determine your Residence status, if you want to visit the UK regularly, you should go through the tests

https://www.gov.uk/government/publications/rdr3-statutory-residence-test-srt/guidance-note-for-statutory-residence-test-srt-rdr3

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I hope the above is helpful.

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Customer: replied 16 days ago.
Do you have any experience on Cyprus tax at all?

Do you have any experience on Cyprus tax at all?

No. Unfortunately not.

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Customer: replied 16 days ago.
That's fine. Therefore, how will tax be dealt if I am in the UK now and I expect to leave permanently in July? Obvsiouly, I currently pay tax through PAYE so I assume once the P85 is submitted they will stop claiming tax and won't expect me to pay anything unless I tell them that I need to pay?

Correct. When you leave the UK and submit a P85 form, HMRC will assess your income and tax paid and could even issue you a tax refund if you have overpaid on employment.

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Once you are issued a P45 from your UK employer, there will be no tax to deduct as your pay will not be coming from this UK company.

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You will be re-employed by the Cyprus subsidiary and be subject to the tax regime of the country of residence.

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I hope I've answered your question? If, however, any part of my response is unclear, please do let me know and I'll try to explain it further.

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Customer: replied 16 days ago.
Thank you very much for your help
You're welcome. Happy to help
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