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Posted Thu, 17 Aug 2023 18:25:34 GMT by
In 2022, I had just arrived in the UK and chose the ARISING basis for that year. I remitted GBP 100,000 to the UK from overseas in 2022. In 2023, I opted for the REMITTANCE basis and transferred this GBP 100,000 to Jersey, then earned GBP 6,000 interest in a Jersey bank this year. If I do not remit the earned interest GBP 6,000 to the UK in 2023, would I need to pay taxes for it?
Posted Wed, 23 Aug 2023 13:51:41 GMT by HMRC Admin 19
Hi,

As you are claiming the remittance basis, no.

Thank you.

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