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Please advise which forms Mr. A should fill in to complete self assessment tax returns when he does not remit any of his foreign income to the UK SA100 SA106 SA109 It is confusing for above 3 forms. What are the differences between them?

HMRC Admin19 's above reply is very confusing. Remittance basis is an alternative tax treatment for the UK residents who remit their overseas income and gains to the UK. But Mr. A does not remit the interest earned in Hong Kong to the UK. Why does he still need to claim tax on the remittance basis? From the guidance provided by HRMC about remittance basis 2023 (HS264), it mentioned Quoted”. But you’re only liable to UK tax on any remittances (amounts) of foreign income and gains that you remit to the UK .” unquoted. Please further clarify that Mr. A does not need to report about his interest gain in Hong Kong when he does not remit his foreign income and gains to the UK.

Mr. A is a BNO visa holder and a tax resident for the tax year 2022-2023.  He is retired in the UK without any employment income.  He only got interest earned from his deposit in the UK bank and  in Hong Kong.  Does he need to report income from Hong Kong if he does not intend to bring those interest earned in Hong Kong to the UK?

The fixed time deposit tenure was 2 months starting from 6 Feb, 2023 to 5 April, 2023. The interest of the fixed time deposit being calculated excluded 6 April, 2023. Due to the banking system, the interest and the capital are credited to Mr. A’s bank account on 6 April, 2023. Please advise that the interest was counted towards the 2022/23 tax year. Hope to hear from you soon.

Mr. A did not open an ISA account in the tax year 2021-22 and he was a UK tax resident in this tax year. The maximum he could save in ISAs is £20000 in the 2021-22 tax year as per tax rule. Please advise if Mr. A can save another £20000  for the tax year 2021-2022  in his existing ISA account now?  How to distinguish this £20000 from the one invested for tax year 2023-24?

I am a bit confused about the reply from HMRC. It stated that £1000 personal savings allowance is included within the £5000 starter rate. Why does personal savings allowance is given as it does not increase the tax allowance at all? As what it said, personal savings allowances is no point to follow after the staring rate for saving. Kindly reconfirm. Thanks.

So the maximum of saving interest allowances for the tax year 2023-24 is £18570 if a person does not have any other income except saving interest. Am I correct?

According to HMRC website https://www.gov.uk/apply-tax-free-interest-on-savings about saving interest tax, the following allowances are granted per tax year. The personal allowance : £12570 Starting rate for savings : £5000 Personal saving allowance : £1000 (basic rate) Please reply below questions Q1. Does it mean that the maximum allowances for a person is £17570? Q2. Mr. A is retired and does not have any other income in the UK. He only receives saving interest which is not exceed £17570. Please advise if he needs to pay saving interest tax? Q3. Mr. B is same as Mr. A who also has no income in the UK. He will receive saving interest £13570 only. Would Mr. B has saving interest tax allowance £13570 = £12570 +£1000? ( personal allowance + personal saving allowance) Does he has to pay saving interest tax? regards, abc123

Dear HMRC enquiry team, According to HMRC website https://www.gov.uk/apply-tax-free-interest-on-savings, the following allowances are granted per tax year. The personal allowance : £12570 Starting rate for savings : £5000 Personal saving allowance : £1000 (basic rate) Please reply below questions. Thanks. Q1. Does it mean that the yearly maximum allowances for a person is £17570? Q2. Mr. A is retired and he does not have any other income. He only receives saving interest which isn't exceed £17570. Please advise if he needs to pay saving interest tax? Q3. Mr. B is also retired. He doesn't have any other income in the UK and he only receives saving interest £13570. Would Mr. B has saving interest tax allowance £13570 = £12570 +£1000? Does he need to pay saving interest tax,?? Best regards, abc123