Press Release
Tax Accountant Addresses HMRC Nudge Letters Over US Pension Foreign Tax Credits
Tax Accountant warns that HMRC’s Nudge Letters question foreign tax credits on US pensions, risking double taxation for Americans in the UK, requiring professional advice.
Birmingham, West Midlands, United Kingdom, 24th Jan 2025 – Tax Accountant, a leading advisory firm specializing in cross-border taxation, today raised concerns about the recent wave of “Nudge Letters” issued by HM Revenue & Customs (HMRC) to US citizens residing in the United Kingdom. These letters—sent as part of HMRC’s ongoing compliance efforts—question the foreign tax credits some taxpayers claim for US taxes paid on various pension distributions.
The firm warns that many individuals could face unexpected tax bills or double taxation if their claims for relief are denied. Under the UK-US Double Taxation Treaty, US citizens living in the UK may be entitled to offset UK tax on foreign income with credit for taxes already paid in the United States. However, confusion surrounding the classification and tax treatment of different US pension types seems to be driving the recent scrutiny.
Common Types of US Pensions
- 401(k) Plans – Employer-sponsored retirement accounts that typically require distributions to be taxed in the US; UK residents may also owe UK tax on these amounts and claim credits to avoid double taxation.
- Traditional IRAs – Similar to 401(k) in tax treatment, withdrawals are generally taxable in both the US and the UK, subject to available treaty reliefs.
- Roth IRAs—Qualified distributions (if certain conditions are met) are not taxed in the US, but in some cases, they may still be subject to UK tax.
- US Social Security – Under the US-UK treaty, the UK, not the US, generally has the right to tax social security benefits if you are a UK resident, although specific circumstances can vary.
While some pensions (e.g., qualifying Roth IRA distributions) may not incur a US tax charge, HMRC may still assess UK tax on those amounts, leading to complications in claiming foreign tax credits or relief.
“As HMRC ramps up its compliance campaign through ‘Nudge Letters,’ US citizens in the UK must revisit their ‘UK tax on Foreign Income’ calculations to ensure they’re applying for the correct foreign tax credits,” says Mr Aatif Malik, Managing Director at Tax Accountant. “We are witnessing a growing trend of individuals being incorrectly denied the opportunity to offset UK tax with the US tax already paid on their pensions. Taxpayers must seek professional advice to avoid double taxation and respond appropriately to these ‘Nudge Letters.’”
Recommendations for Affected Taxpayers
- Review Your Treaty Position: Check whether you have properly applied the provisions of the UK-US Double Taxation Treaty to your pensions.
- Identify Taxable vs. Non-Taxable Pensions: Establish which types of pensions (e.g., Roth IRAs vs. Traditional IRAs) might still be taxable in the UK, even if no tax is due in the US.
- Maintain Accurate Documentation: Keep detailed records of pension distributions and any taxes paid in the US, along with official statements that outline the nature and timing of these payments.
For further information or to schedule an interview with Mr. Malik, please contact:
Tax Accountant
Phone: 0800 135 7323
Email: info@taxaccountant.co.uk
About Tax Accountant
Tax Accountant is a premier tax advisory firm specializing in cross-border taxation and compliance. With decades of combined experience, our experts navigate complex international tax treaties to provide tailored solutions that help individuals and businesses meet their obligations across multiple jurisdictions.
Media Contact
Organization: Tax Accountant
Contact Person: Aatif Malik
Website: https://www.taxaccountant.co.uk/
Email: Send Email
Contact Number: +448001357323
Address: 3 Brindley Place
City: Birmingham
State: West Midlands
Country: United Kingdom
Release Id: 24012522911
The post Tax Accountant Addresses HMRC Nudge Letters Over US Pension Foreign Tax Credits appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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One hundred days into his second term, U.S. President Donald Trump and his “America First” policy are facing mounting challenges, according to new CGTN polls.
In February and April this year, CGTN conducted two global public opinion surveys involving 15,947 respondents from 38 countries.
Findings show a sharp decline in American public satisfaction with Trump’s governance. His tariff-centric approach and “America First” policy have triggered growing pessimism among respondents from both traditional U.S. allies and the Global South regarding future relations with the United States. The administration now faces a serious global trust deficit.
Global confidence in the U.S. declines
In the April survey, 48.9 percent of American respondents expressed dissatisfaction with Trump’s performance since taking office. Of those, 53.1 percent criticized his “reciprocal tariffs” policy for damaging the U.S. stock market, while 60.4 percent believed his domestic economic policies failed to control inflation and instead caused price increases. Meanwhile, 54 percent expressed serious concerns about his interest rate policies.
Discontent is also rising globally. Respondents from key U.S. allies expressed deep concern over strained ties with Washington. In France, Germany, Canada, Japan, and South Korea, more than 70 percent of respondents were pessimistic about their countries’ future relations with the U.S. Many cited the belief that the “America First” doctrine has made the U.S. less attentive to its allies. This sentiment was strongest in South Korea, where 87 percent strongly agreed, and over 70 percent in the UK, Germany, Canada, Australia, and Italy shared the view.
Likewise, confidence among Global South countries has rapidly declined. Of the 23 surveyed, 19 expressed pessimism about future ties with the U.S. In South Africa, Egypt, Peru, Indonesia, and Malaysia, optimism dropped by more than 20 percentage points.
Tariff bullying damages global public’s goodwill towards the U.S.
Both surveys found widespread opposition to U.S. tariff policy. Some 74.2 percent of global respondents believe the policy will seriously harm their countries’ economic development – a figure up 16.3 percentage points in just two months. Disapproval grew most in Saudi Arabia and Serbia, where negative views surged by 28.5 percentage points.
In Southeast Asia, countries like Vietnam, the Philippines, Thailand, Indonesia, and Malaysia – seen as “hard-hit areas” of U.S. tariffs – have shown growing resistance. Among respondents in these five countries, 60.2 percent believe “strengthening export controls and unilateral sanctions” harms their national development, up 15.5 percentage points from the previous survey. Meanwhile, 69.4 percent opposed “limiting investment by foreign technology enterprises” (up 14.3 percentage points), and 61.5 percent viewed U.S. “reducing dependence on foreign imports and supply chains” as detrimental to their countries (up 12.3 percentage points).
China’s firm countermeasures against U.S. tariffs received strong global backing. In 37 out of 38 countries surveyed, majorities supported China’s actions. Support among developing countries was especially strong – 13 countries, including Kenya, Egypt, Brazil, Kazakhstan, Nigeria, Malaysia, the UAE, and South Africa, saw support rates above 70 percent, with Kenya topping the list at 82.5 percent. Among developed countries, the UK led the G7 with a 70.5 percent support rate, followed by Canada (69.5 percent), Germany (66 percent), and France (65.5 percent).
The surveys were jointly conducted by CGTN and Renmin University of China via the Institute of International Communication in the New Era. Respondents included individuals from developed countries such as the U.S., the UK, France, and Japan, as well as from developing nations including Mexico, South Africa, and Malaysia.
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IT-company Reputation House is the only one company from Dubai to be recognized as the winner this year
United Arab Emirates, 30th Apr 2025, – Reputation House, an IT-company based in Dubai, has been announced a winner at the American Business Awards (The Stevie® Awards) for its IT solutions in online reputation management. The company was recognized as a Gold Winner in two categories: Innovation of the Year (Business Services Industries) and Most Innovative Tech Company of the Year (Up to 100 Employees). Additionally, Reputation House received the Bronze Stevie® Award for Best Data Tools & Platforms.
This marks the second consecutive year the U.S. business community has honored Reputation House; the company captured one Gold and one Silver Stevie in 2024.
“Our 2025 tech expansion is about turning a once-traditional agency into a product-first software company,” said Dima Raketa, CEO of Reputation House. “Winning two Gold Stevies at America’s most respected business awards tells us we’re on the right path: our ecosystem of four interconnected tools will be redefining how global brands protect and grow their reputations. And we are just getting started.”
Kristina Shinkareva, COO, added: “This recognition belongs to our entire team — engineers and developers, data analysts, customer specialists, and every talent of Reputation House — whose hard work has turned big ideas into practical solutions that companies rely on every day.”
This year, Reputation House launched a full-scale technological transformation, unveiling four top-tier solutions that put complete online reputation control in clients’ hands. The new ecosystem starts with Reputation House Scan, which monitors mentions in 20+ languages, grades sentiment, and alerts teams to risks in real time. Account Control Center lets brands safely ignite and guide conversations across forums and social media, while the upgraded Reputation Check delivers fast, high-accuracy background reports on any partner, employee, or client. Rounding out the suite, the SERM Platform boosts search-engine rankings and surfaces positive content to the top of results pages.
Together, these tools mark Reputation House’s shift from a traditional agency to a product-driven tech company—and set a new standard for how businesses protect and grow their digital presence.
To learn more about Reputation House, visit: www.reputation.house
Media Contact
Organization: Reputation House
Contact
Person: Media Relations
Website:
https://www.reputation.house/
Email:
pr@reputation.house
Country:United Arab Emirates
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