OMH
Joined: 1/29/2023
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RE: Self Assessment - Foreign Income/dividends
Dears - I have few questions from scenario as below: Example/ Scenario: 1.If UK resident FY22/23 (Non-Domiciled) person has foreign dividend income (Pakistan) amount above £2,000 from July 2022 to June 2023 (Fiscal year is different in Pakistan country) and not remitting this income to UK. a. Is this person required to report to HMRC for foreign dividend income b. If yes, then what amount to be reported (Gross taxable or net amount) c. What cut-off time to be taken as tax year is difference in foreign country for example July 2022 to June 2023. I would be thankful to you, if you could provide your answer. Thanks and kind regards,