General guidance on completing online Self-Assessment form to record FTCR

Hi, I have received interest in an overseas bank account. I would like to make use of the 'tax spare mechanism' (confirmed by HMRC/DTA) even though no actual tax was paid. Please could you tell me which section/boxes I should complete on the online self assessment form for tax spared. Should I use the FTCR boxes in the ‘Interest and Other income from Overseas Savings’ section on SA106 (foreign)? Is the self assessment process for tax spared the same as for FTCR on tax paid? Many thanks

Hi ,
 

Box 3 on SA100 page TR3 allows you to declare untaxed foreign interest of up to £2,000.  Have a look at the notes on SA150 on page TRG5 (:    Use these notes to help you fill in your tax return  ).  If the interet is greater, it should be declared on SA106 (foreign) (:   Self Assessment: Foreign (SA106)  ) on page F2 . Thank you .

Hi HMRC, I will definitely fill the SA106, thanks. But please can you tell me how to claim "tax spared" on it? Is the process the same as claiming FTCR on actual foreign tax paid? (this information is not contained in the notes)

Hi,
You can see guidance here:
https://www.gov.uk/hmrc-internal-manuals/international-manual/intm161270 
INTM161270 - UK residents with foreign income or gains: double taxation relief: ‘Tax spared’ credit
This would be claimed in the same box as a foreign tax credit relief.
Thank you.