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Posted Mon, 01 Jul 2024 22:33:14 GMT by Natasha
Hello! I recently received a discrimination settlement for a company I worked at in the US. The term covered was 2015-2017 (when I lived and worked there). However, the settlement just came through as a USD cheque in 2024. They withheld USD taxes for the wages portion, and the check was the net settlement amount (wage + non-wage). I've tried to declare it on Self Assessment (clicked 'yes' for foreign income, and for that income coming into the country via my UK bank) but it keeps saying I don't need to do any more or pay anything. Could that be right? I don't want to make mistakes here. Appreciate any help, as I've read countless pages and questions and I'm still unsure. Thanks!
Posted Thu, 04 Jul 2024 09:50:59 GMT by HMRC Admin 20 Response
Hi,
You will declare the wage part of the settlement only and you need to show it as an employment and as foreign income in order for it to show on the calculation. you can then claim foreign tax credit relief for the US tax paid.
Thank you.

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