Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Sun, 19 Nov 2023 13:48:00 GMT by
Hi, I did an internship in the UK over the summer and I want to file my P85 to get a tax refund. I opened an account with an online bank for my internship salaray and put my money into an account with interest (which will in total amount to a few 100 dollar). The money is still in the account, so I will continue to get interest on it. The P85 form asks for any other income from the UK after I leave, including bank interest. However, since I only spend 3 months in the UK, I am a tax resident in another European country and I will have to declare my bank interest income from this interest account there (and pay taxes on it). Do I still need to declare this bank interest as income on my P85 or do I not have to declare it since it is not taxable in the UK for me? If I have to declare it, how am I supposed to calculate the yearly income from this interest account (since the interest rate is variable as well as the amount of money I have on the account)? Thanks
Posted Wed, 22 Nov 2023 14:28:00 GMT by HMRC Admin 8 Response
Hi,
You would only declare the UK bank interest on the for P85 for the tax year.  
Thank you.

You must be signed in to post in this forum.