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Posted Sun, 12 Nov 2023 11:06:55 GMT by andz5
I'm trying to determine how to properly declare an income in self-assessment form being employed by an overseas company. The income I receive from this employment is payed to me in two ways. Some of it is transferred to my UK account in GBP sterling and the remainder in foreign currency to my overseas account. I'm not sure if using the "employment" section is the appropriate way to do that since this is a non-PAYE income. I was advised to sum up all the money I receive from this employment (of course after conversion to sterling) and declare it under the section "All other income received by a person abroad and any remitted 'ring fenced' foreign income" but I'm not sure if this approach is correct hence I wanted to ask here to confirm. Just to clarify, I'm a UK tax resident.
Posted Wed, 15 Nov 2023 11:43:51 GMT by HMRC Admin 25 Response
Hi andz5,
You will declare this on the UK employment page.
If foreign tax has been deducted, you will also show it on the foreign section in order to claim Foreign Tax Credit Relief.
Thank you. 
 

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