Timing of Foreign Income & Tax Declaration

Hello I need to declare foreign income & tax from employment in Australia relating to the July 23-June 24 Australian tax year . Should I declare this entirely in the 2024/25 UK tax year or apportion the earnings and tax over 2023/24 & 2024/25 UK tax years. Thankyou

Hi 

It should be declared in full, in the 24/25 tax year.  HMRC treats the Australian tax year of July to June as equal to April to April, so that there is no need to apportion.
June 24 falls in the UK 24/25 tax year.

Thank you

INTM161220 suggests that income & tax from income should be apportioned. (Root income basis). Can you please confirm which is correct.

Note also the response to the question “Foreign income across two tax years” posted by DL2024.

Hi SRK1,
As per your link quoted, the root basis is fine for dividends and interest but as the original query did not refer to this, the guidance is clearly stating - Where, however, the foreign income is charged to foreign tax by direct assessment and the basis period for the foreign assessment is different from the UK basis, it may be necessary to apportion the foreign tax.
Many foreign countries adopt the calendar year as their basis period so that, for example, foreign rents of the year ended 5 April 2010 will be charged to foreign tax partly in 2009 and partly in 2010.
Three quarters of the 2009 tax and one quarter of the 2010 tax will be available for credit against the UK tax charged for 2009-10. as such the original reply was correct.
Thank you.