Non resident untaxed UK interest income

Hi - I am filling my 2023-24 return as a non resident and I am a bit confused about the boxes/ forms/ amounts to fill regarding UK interest that hasn't been taxed at source. I also have property rental income and that part if clear. For context, I worked and lived in France for most of the tax year before returning for the last month of the tax year to the UK. As per French tax rules I am a resident of France for 2023 (their tax year is per calendar year) and I need to declare/ will be taxed on my worldwide income including UK interest income. For 2024, i wont be a resident of France. Q1. For SA100 Untaxed UK interest income - should i write the amount of untaxed UK interest for the whole tax year? Or only write the amount of UK interest that is not declared/ taxed in France (which in my case would be the interest from Jan-Apr 5 2024) Q2. Do I need to fill the amount of UK interest that is declared/ taxed in France (which in my case would be the interest from Apr 6-Dec 31 2023) on HS109 or HS304?

Hi,

If you qualify for split year then you only report any foreign income for the UK part of the year. You can see guidance here:

RDRM12000 - Residence: The SRT: Split year treatment

If you do not qualify then you will need to report all your foreign income to the UK. You can see the guidance here:

Tax on foreign income

The following guidance will help you work out if split year treatment applies: 

RDRM12150 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only

Thank you.

Im sorry but both these are not right. i'm a uk tax non resident

Spoke to HMRC self assessment technical team, and I was advised to put only the amount of UK interest that is not declared/ taxed in France (which in my case would be the interest from Jan-Apr 5 2024) I was not advised to fill the amount of UK interest that is declared/ taxed in France (which in my case would be the interest from Apr 6-Dec 31 2023) on HS109 or HS304

Hi anshuman aggarwal,
If you are not tax resident for the whole tax year and need to complete a Self Assessment tax return, you need to declare that you are not tax resident in the UK,  in the SA109 supplementary page and also report all of your UK sources of income and capital gains on the tax return.
Thank you. 
 

Hi,

As a non UK resident who has UK interest, you would declare the whole amount of UK interest. If the interest exceeded £10000, this would be declared in a tax return. You can see guidance here:

HS300 Non-residents and investment income (2024)

Thank you.

I am not sure why there is conflicting advise. I have already sent my return based on the phone discussion and mentioned everything in the other details My total UK untaxed interest for the whole tax year is around 3,000 (it wasnt taxed at source), and the UK interest that is not declared/ taxed in France (which in my case would be the interest from Jan-Apr 5 2024 is less than 1,000)

Hi,

You need to declare all the UK income received no matter what time of year it was received. It is only any foreign income that not declared for the non UK oart of the year.

Thank you.

Im really sorry but this is conflicting to what i was told on the phone and i have already sent my paper return. Can you double check this advise? And if i have to make changes, how should I? And how do i receive tax credit for the interest paid on the UK interest income that has already been taxed in France (there is full credit for interest income between UK and France)

Hi,

All interest and dividends, arising in the UK, should be declared in the Self Assessment tax return. As a non UK resident, you need to complete the SA109, residence section, to declare you are not UK resident.  

You can see guidance on disregarded income here:

HS300 Non-residents and investment income (2024)

Thank you.