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Posted Mon, 07 Nov 2022 15:51:06 GMT by TYK
Hi HMRC Team, I have few questions on Self Assessment (SA) as follows: Question 1 - Employment Income Which SA form and section for overseas (HK) employment income (no P60 in HK)? Question 2 - Number of Employment If I work for two companies (same organisation - one in HK and another one in UK ) 2021-2022, should I put "2 " in the "Number" box - Employment (SA100)? Question 3 - Split Year Treatment - UK resident part 13th Month Pay from HK employment (last pay slip) – should I count the amount in proportion? e.g. 2,000 pounds (13th month pay) x 46 days (# of days - resident part)/365 days=252 pounds Question 4 - Split Year Treatment - UK resident part Encashment on Annual Leave from HK employment (last pay slip) – should I count the amount in proportion? e.g. 2,000 pounds (encashment on annual leave) x 3 days (entitled annual leave days during the resident part)/19 (total unused annual leave days)=316 pounds Question 5 - Split Year Treatment - UK resident part As I know the Occupational Retirement Schemes Ordinance (ORSO) income from my previous employment in HK is not taxable (double tax treaty), therefore it is not necessary to fill it on Self Assessment, am I correct? Question 6 - Split Year Treatment - UK resident part As I know there are no tax implications from the exchange of currency for an individual, therefore it is not necessary to fill the profit or loss from Interactive Brokers account in HK , am I correct? Thanks & Best Regards,
Posted Thu, 10 Nov 2022 14:19:56 GMT by HMRC Admin 32
Hi,

For answers to questions 1 to 4, please refer to guidance below:

Tax on foreign income

For question 5, you do not need to declare the income from your Hong Kong employment if all the duties were carried out there.  

For question 6, yes you are correct.

Thank you. 
Posted Thu, 10 Nov 2022 16:02:23 GMT by TYK
Hi HMRC Team, Just would like to reconfirm on Question 5 - Split Year Treatment - UK resident part How about if the pension income (one time lump sum) form my previous Hong Kong employment (all the work duties for HK employer) - 14.5 years non-resident and only 1.5 months resident (foreign pension income in 2021-2022), is it also no need to declare it?
Posted Tue, 15 Nov 2022 12:28:55 GMT by HMRC Admin 32
Hi,

Under the double taxation agreement with Hong Kong, pensions from there are not taxable in the UK and should not be declared.

Thank you.

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