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Posted Fri, 03 Feb 2023 17:58:09 GMT by WLA
I am NOT a UK resident and would like to clarify whether interest income from deposits placed with an offshore branch of a UK bank (in my case, Jersey Branch of HSBC Bank plc) would be regarded as having a UK source? Would it be subject to UK income tax? Thanks
Posted Thu, 09 Feb 2023 11:12:46 GMT by HMRC Admin 25
Hi WLA,

Income from Jersey is classed as foreign income for tax purposes and is not classed as UK income.

Please refer to guidance here:

Tax on foreign income

You can see whether you declare this or not.

Thank you. 
 

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