Skip to main content

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

Posted Mon, 10 Jul 2023 11:15:49 GMT by kmli_UKGOVForum
I move to the UK with BN(O) visa and become tax resident in the tax year 2022-23. My major incomes come from the interests of overseas bank saving accounts and dividends of investment funds as well as the monthly pension paid by the Hong Kong SAR Government after my retirement. My total overseas interests and dividends is less than £10000 in the tax year 2022-23. However, I am confused whether I need to report my monthly pension since according to the ARTICLE 17 of the UK-HONG KONG DOUBLE TAXATION AGREEMENT: "Pensions and other similar remuneration (including a lump sum payment) arising in a Contracting Party and paid to a resident of the other Contracting Party in consideration of past employment or self-employment and social security pensions shall be taxable only in the first-mentioned Party." As the pension is paid by my past employer: The Hong Kong SAR Government, it seems that I have no lability to report it in my tax return in the UK. I also understand that I am not required to file my tax return for my overseas incomes from interests and dividend as the total is less than £10000. Given the above information, am I correct to conclude that I am not required to launch any tax return in the tax year 2022-23? Looking forward to seeing your reply soon.
Posted Fri, 14 Jul 2023 12:18:04 GMT by HMRC Admin 8 Response
Hi,
Your government pension is not taxable in the UK and does not need to be reported to HMRC.  
Article 18, relates to government pensions derived from government employment in Hong Kong, for services rendered in Hong Kong.  
Where this criteria is met, the pension is only taxable in Hong Kong.
Article 10(1) of the double taxation agreement (DTA) advises that dividends paid by a Hong Kong resident company to an individual resisdent in the UK, is only taxable in the UK.
Article 11 of the DTA advises the interest of an individual arising in HK and paid to a UK resident is taxable only in the UK 
UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL
The fact that you have foreign income that is taxable in the UK, is self assessment criteria, regardless of the amount, so you will need to complete a tax return.  
Check if you need to send a Self Assessment tax return
Thank you.
Posted Fri, 12 Jul 2024 09:38:06 GMT by BPS WONG
Hi HMRC Administrator, Grateful to know whether there will be any public announcement when there is a change in any provisions in the DTA between the UK and the Hong Kong SAR.

You must be signed in to post in this forum.