engbsy

Thanks for the reply. I am now an employee in the UK and pay tax via PAYE. I do not require to do a self assessment. To my understanding the banks in the U.K. automatically advise HMRC of bank accounts and of any interest made on savings. HMRC will determine if I need to pay tax in relation to the interest, is that correct? And HMRC will send me a tax notice if I need to pay tax, is that the way it works? If the above are correct, can I assume that I do not need to do self assessment? This is the same for all bank accounts across the UK?

Hello, My BNO VISA was effective since Sep 2021, and I arrived the UK and lived in the country in Feb 2022. Before I came to the UK, I transferred most of my personal savings (including the money generated from the sale of my own house in Hong Kong) to my UK bank account. Do I need to report those money to HMRC and are they taxable? Also, how about the salary I earned after I got the VISA? I resigned the job before I came to the country. To my understanding, I don't need to do anything as I wasn't deemed as taxable resident during that period.