HMRC Admin 5 Response
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RE: Transferring personal money to UK
Hi Justin Somerville-Cotton
Please forward the forms mentioned (with a brief covering letter confirming your UTR and National Insurance number) to the following address:
Pay As You Earn and Self Assessment
HM Revenue and Customs
BX9 1AS
United Kingdom
On receipt, we will sign, date and stamp the forms before returning them to you.
Thank you -
RE: disposal of bonus shares
Hi,
As the majority of your income is foreign income, a tax return is still required. For the Shares, please refer to Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
Thank you -
RE: Split year treatment
Hello SacsainÉireannach
You will still get the full personal allowance of £12570 if applicable to claim. Your pay will be assessed on the actual income received in the UK.
Thank you -
RE: Transferring personal money to UK
Hi T Khan
Income arising in a tax year that you are not resident in the UK, woud not be taxable in the UK, even if it was transferred to the UK in a later tax year.
Only income both foreign and domestic, arising in a tax year that you are resident in the UK would be taxable in the UK.
For example if your foreign income from 2021/22 is in your bank account and you were not UK resident in that tax year and you bring it to the UK in 2023/24, it is savings and not income, so would not be taxable in the UK.
Thank you
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RE: Transferring personal money to UK
Hi Lancslass,
As a UK resident, it is only foreign income and capital gains arising the tax year, that would be taxable.
If you were still a US resident when you withdrew the funds, they would not be taxable in the UK and there would be no tax from transferring the money to the UK.
Thank you