HMRC Admin 5 Response

Hi

HMRC will use the latest untaxed interest interest details received to include in your tax code going forward.
If the interest figure has changed then you can contact HMRC to review/update
Income Tax: general enquiries

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Hi samsamsss

You will once it comes into effect on 6/4/25.

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Hi 

This is foreign income and as a UK resident, you will be taxable on it, as you are taxable on your world-wide income.  
Foreign income is declared on a self assessment tax return (SA100).  
As you invoiced them, then you were self employed and would declare the income and expenses in the self employment section of the online return or the paper SA103S (self employment).  
To register for self assessment, as self employed, please follow the guidance at Set up as self-employed (a 'sole trader'): step by step.  
Please note that the whole tax return (SA100 and supplementary pages) must be submitted in the same format.  Either all online or all on paper.  
To submit an online tax return, you will need to register for a personal tax account (if you have not done so already).  You will also need a government gateway user ID and password to do this.  
Please follow the guidance at Personal tax account: sign in or set up on how to do this.  
Paper tax returns can be obtained at Self Assessment tax return forms.

Thank you

Hi 

Provided HMRC do not recognise the fund as a pension, it will be treated similarly to a bank account and taxable as income.  
Where the foreign income arises in tax years that you are not resident in the UK, it will not be taxable in the UK.  The contents of the account in those years, would be considered capital and not taxable if brought to the UK.  
If you are resident in the UK, when the income arises, then yes it will be taxable, most likely as interest.

Thank you

Hi nic tern

As you are resident in the UK, you are by default, taxable on your world-wide income in the UK.  If you were physically in the UK when earning your Netherlands salary, it is taxable in the UK and is declared on a self assessment tax return.  You should request a certificate of residence from HMRC, using the service at How to apply for a certificate of residence to claim tax relief abroad.  
You would send the certificate to the Netherlands tax authorities, to claim a refund of the tax paid, as the employment income is not taxable in the Netherlands.  
If you were physically in the Netherlands while earnign your Netherlands, then it is taxable in the Netherlands.  
It will also be taxable in the UK and should be claimed in the foreign section of the tax return, along with a foreign tax credit, so that you do not pay the tax twice.

Thank you