Skip to main content

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

Posted Fri, 20 Dec 2024 10:32:01 GMT by Dale
I am a UK resident living in the UK and have foreign employment travelling daily for work. Each year i complete a HMRC self assessment tax return to declare my foreign income. I now have the option to take voluntary redundancy from my foreign employment with a potential lump sum of £60,000. How do i declare my this redundancy pay in the online self assessment for foreign employment?
Posted Tue, 07 Jan 2025 15:23:17 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
Tax on foreign income
Thank you.
Posted Tue, 07 Jan 2025 16:56:22 GMT by Dale
Unfortunately this guide does not give a clear direction on how to declare foreign employment lump sum as result of a redundancy payment. Within the online self assessment there is a section to declare other UK income, including an employment lump sum where you can enter the first £30,000 exemption and any payment above this. There is no such option within the Foreign Income to declare a redundancy lump sum payment. How should one proceed, do you only need to add an additional income source within foreign employment section with the total that is over the £30,000 exemption.
Posted Wed, 22 Jan 2025 12:40:54 GMT by HMRC Admin 8 Response
Hi,
Yes you need to declare the foreign income in a UK employment page also for it to be included in the calculation. this will then allow you to claim the redundancy relief in the additional information section.
Thankyou.

You must be signed in to post in this forum.