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Posted 10 months ago by AlinSin
Hi everyone, I have been living in UK for three years but I am not UK domicile, I am on dependent visa here. I have income from abroad which I do not transfer to the UK , it stays in France and in Russia. So as I understand I am not obliged to fill in self assessment but I did for 2022-2023 because it was not clear for me and I paid the tax. How can I now remit it? I tried to find info on the web site, but did not manage. What kind of form I should complete in order to be paid back my tax payment back?
Posted 10 months ago by HMRC Admin 25 Response
Hi AlinSin,
You have until 31 January 2025 to amend your 2022 to 2023 tax return.
You will need to submit an amendment to your tax return, by submitting a complted SA109
Residence, remittance basis etc (Self Assessment SA109)
You will need to remove the unremitted income from the tax return and declare is instead in boxes 34, 35 and 40 on page RR2.
You should have a look at the guidance on the remittance basis at RDR1 at section 9.
Residence, domicile and the remittance basis: RDR1
Thank you. 
 
Posted 9 days ago by dingdong
Hi HMRC Admin, I am in a similar position to the original post - trying to submit a revised tax return to opt for the remittance basis of taxation for the previous tax year in respect of the interest I had earned on my savings in foreign bank accounts. Regarding the declaration in box 40, is this the amount of such foreign saving interest I had earned and had not remitted to the UK, whether or not I have any intention of remitting the amount to the UK at a future date? In other words, do I leave the amount blank if I intend to let the money remain in an overseas bank account?
Posted 9 days ago by dingdong
[sorry, I just noticed a typo in my earlier post, mistakenly referring to box 34 as box 40, hence this revised post:] Hi HMRC Admin, I am in a similar position to the original post - trying to submit a revised tax return to opt for the remittance basis of taxation for the previous tax year in respect of the interest I had earned on my savings in foreign bank accounts. Regarding the declaration in box 34, is this the amount of such foreign saving interest I had earned and had not remitted to the UK, whether or not I have any intention of remitting the amount to the UK at a future date? In other words, do I leave the amount blank if I intend to let the money remain in an overseas bank account?
Posted 6 days ago by HMRC Admin 25 Response
Hi dingdong,
You must fill in boxes 34 and 35 if you’ve put ‘X’ (only) in boxes 28, 31 or 32.
 The Remittance Basis Charge (RBC) is Income Tax, Capital Gains Tax, or a combination of both, charged on unremitted foreign income  or gains on the arising basis.
hen you pay the RBC you must tell us on what income or gains the RBC is chargeable by nominating the appropriate income or gains.
You do this by putting the amount of nominated income in box 34 or the nominated foreign gains in box 35.
Tell us about your nominated income and gains in the ‘Any other information’ box, box 40.
To work out the amount of nominated foreign income, you must convert the income into UK pounds using the exchange rate at the time the income arose.
If you’re not sure, ask your tax adviser.
If you’re calculating your own tax, include the Income Tax or Capital Gains Tax elements of the RBC in your total tax amount.
If you’re using the ‘Tax calculation summary’ page add either 
£30,000 or £60,000 to the amount in box 1.
Do not forget to show the loss of allowances and AEA in your tax calculation.
If you’re liable to pay the RBC you must put a nominated figure of at least £1 in either box 34 or box 35.
Thank you.

 

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