I currently have a UK based consulting business but I have just moved to the US. I have retained some of my UK clients so I've been looking for the most tax efficient way to manage clients in the US and UK going forward.
It looks like it won't make sense to keep a business of this size open in both countries as it will be complicated and expensive. I have decided to incorporate in the US and close the company in the UK.
One question I haven't been able to find a good answer to is how I'm going to charge my UK clients in future. I obviously wouldn't want to just stick my new US bank details on the invoice and expect them to deal with transfer fees.
I've looked into leaving the UK bank account open and still receiving payments into it but it looks like I have to close this account as part of the Ltd closing company process. Is this correct?
Would I be able to open a new bank account in the UK linked to the US company? Would the UK then expect me to file some kind of return for this?
I realize that there would be a small group of people who have experience with this situation but any advice that anyone may have would be most appreciated!