Non Resident - only have interest income from UK Bank on tax year 2022-2023

Hi, I am living in Hong Kong and never come to UK before 2024. I plan to move to UK in April 2024. I have deposited some money in UK bank and earn some interest from 1 July 2022 to 5 April 2023. Since I am working in Hong Kong, no other income is received in UK except the interest income mentioned. In my understanding , the interest from bank should be treated as disregarded income with reference to HS300 and will not taxable for non resident. The question is that if I have only interest income in UK for the tax period 2022-2023, do I still need to file the self assessment form and tax return? If yes, Do I need to report the income from Hong Kong and the interest received from the banks in Hong Kong. Thanks for your kind response.

Hi,
 

Please refer to guidance at : Tax on your UK income if you live abroad   .

Thank you.

Thank you for your link. I find the following information from the link that I do not meet any one of reporting requirements for preparing self assessment . Please correct me if I have misunderstood. Quoted When to report your income to HM Revenue and Customs (HMRC) You usually have to send a Self Assessment tax return if: you rent out property in the UK you work for yourself in the UK you have a pension outside the UK and you were UK resident in one of the 5 previous tax years you have other untaxed income Unquoted Thanks a lot.

Hi,
 

That is correct. If none of this applies you would then also need to consider the amount of interest that you receive. If this is over £10,000 you need to file a return. If not, and no other criteria is met, then a return is not required . Thank you.

Thank you for your information.