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Posted Thu, 28 Mar 2024 11:19:12 GMT by D Doshi
Hi, My query is about retrospective declaration of foreign interest. For tax year 1, Income + foreign interest will be below the allowance limit. For tax year 2, Income + foreign interest will be marginally above the allowance limit. In both these cases, how do i calculate the tax, if any? Is there a HMRC tax calculator I can use to get this information? I amended my 2022-23 returns and after adding the foreign interest, tax due was still 0. Thank you.
Posted Wed, 03 Apr 2024 10:48:22 GMT by HMRC Admin 2

You can find a calculator here:

Estimate your Income Tax for a previous tax year

Thank you.

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