Non UK tax resident: UK bank saving interest income

I am from Hong Kong. I am a non-UK resident with £4000 interest income from the UK bank saving account in the tax year 2022/2023. This is my only income in UK and there is no tax to be deducted from interest income in my country. Do I need to file the self assessment for this £4000 income? If the answer is “Yes”, then which documents I have to submit? Thank you very much for your help.

Hi,
 

Yes you will need to declare this income and as no personal allowances are due, you will be liable to tax. You need to complete the self assessment tax return SA100 and also the residence section SA109. You cannot file online unless you use 3rd party software . Thank you.

Hi HMRC, I am the similar situation with Teresa2243. I am a non-UK resident with interest income from the UK bank saving account in the tax year 2022/2023. This is my only UK income. I can't apply for split year treatment since this is only available for UK residents. However, SAIM1170 advises if I am not a resident in the UK, then UK bank interest and dividends interest are considered 'disregarded income'. Do I need to report these interest income arising in the UK? Thank you.

Hi HMRC, Thank you for the reply. I have just seen a different reply from other similar thread saying that as a non UK resident, interest and dividends are treated as ‘disregarded income’. This means that it is not subject to tax, but if tax is deducted, it may not be refundable. Non UK tax resident would only need to declare the interest/dividends in a Self Assessment Tax Return, if non tax resident were claiming a refund of tax paid. So, may I know if this reply also apply to my case? the £4000 Interest income is my only UK income and this interest income is treated as ‘Disregarded income’ as a non UK tax resident and no tax is due on it. Besides, I do not need to declare the interest since I do not need to claim any tax refund. Please advise. Thanks

Hi,

If you only have the interest and dividends then a tax return is not required.

Thank you.

Hi Teresa2243,
Please refer to additional guidance here:
HS300 Non-residents and investment income (2023)
Thank you. 

I am a UK citizen resident in Canada since January 2023. I have a fixed rate savings bond due to mature on 1 January 2024 which will pay me approx £4000 interest. Am I liable for tax in the UK or Canada?

Hi MalcUnited 2204,
In general, interest arising in the UK and paid to a resident of Canada, is taxable in Canada.
However, the double taxation agreement also gives the UK tax ation rights, depending on the circumstances.
Please have a look at article 11 to help you reach a decision.
CONVENTION BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF CANADA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND CAPITAL GAINS
Thank you.

Hello HMRC, I am a non-UK resident. I only have interest income in the UK, which is treated as ‘disregarded income’. This means that it is not subject to tax. A non-UK tax resident would only need to declare the interest/dividends in a self-assessment tax return if they were claiming a refund of tax paid. May I know if this interest income is treated as ‘Disregarded income’ as a non-UK tax residence and if no tax is due on it? Besides, do I need to declare the interest and submit the tax return? Please advise. Thank you very much.

Hi pinky,
Please refer to guidance here:
Self Assessment tax returns.
Thank you. 
 

Hello HMRC, I'm a British citizen, non-resident living in Germany. In 23-24 I received UK bank interest £1296. Additionally, I received ca. £13,000 bank interest from my late mother's estate - net, after it was taxed through the 23-24 estate tax return. The DTA says Germany has taxation rights to my worldwide income, including UK bank interest. My German tax adviser confirms both my own bank interest and estate-generated bank interested will be taxed in Germany (with a credit applied for tax the estate paid). Do I need to declare both sets of bank interest in my UK tax return? Many thanks.

Hi,
If the estate paid the tax before the net amount was transferred to you, then the UK tax liability is paid and you do not need to declare in a Self Assessment tax return.
Thank you.

Hi there - with respect to interest income being disregarded, is there any limit that changes that income to be taxable? My only income in the UK is from a savings account, but it may be over 11,000 for this year. Is this still considered disregarded with no filing obligation? Thank you.

Hi,
Please see guidance here:
Tax on savings interest
Thank you.