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Posted Tue, 06 Feb 2024 10:40:40 GMT by
Hello! I am Uk resident and in 2022-2023 had foreign income from interest from deposit less than the personal allowance. I used this link https://www.gov.uk/check-if-you-need-tax-return in order to check if I need to send a self-assessment tax return and I received the “no” answer. I would like to double check, if I should have registered for self-assessment and should have sent a self-assessment tax return? And if yes, what penalties can I have for missing the 5th October and 31st January deadlines? Thank you in advance.
Posted Wed, 07 Feb 2024 16:52:05 GMT by HMRC Admin 20
Hi Katerina Kamardina,
If you have foreign income or capital gains, regardless of the amount, you meet the criteria for completing a self assessment tax return, even if you do not have to pay tax on the income or gains in the UK.
Thank you.
 

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