If you are returning to live in the US, you don't do anything. You just get on a plane and fly back.
Unlike the US, you are only liable to pay UK taxes while you are living and working in the UK. As soon as you leave the UK to live abroad, you cease to have any tax obligations to the UK. I believe the US is the only country in the world that taxes people based on citizenship and not residency.
(Not quite sure why you have called the topic 'Renounce' though, because renouncing is when you give up your citizenship)