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Posted Tue, 07 May 2024 18:00:40 GMT by KC
Hello HMRC, I am an UK resident and will submit a self-assessment for the tax year of 2023-24. I have received saving interests as income from some banks in Isle of Man. I will report that amount of income as foreign income in my self-assessment and will pay the corresponding tax. After the tax of that income is paid to HMRC, do I still need to pay any tax to the Isle of Man government for that same interest income? Thank you. Kind Regards
Posted Tue, 14 May 2024 15:39:30 GMT by HMRC Admin 8 Response
Hi,
If UK resident and domicile you are liable on your worldwide income. if tax is also charge in another country, you can claim foreign tax credit relief: Relief for Foreign Tax Paid 2024 (HS263
Thank you.

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