Natasha
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Foreign Settlement (US) - Subject to UK Tax?
Hello! I recently received a discrimination settlement for a company I worked at in the US. The term covered was 2015-2017 (when I lived and worked there). However, the settlement just came through as a USD cheque in 2024. They withheld USD taxes for the wages portion, and the check was the net settlement amount (wage + non-wage). I've tried to declare it on Self Assessment (clicked 'yes' for foreign income, and for that income coming into the country via my UK bank) but it keeps saying I don't need to do any more or pay anything. Could that be right? I don't want to make mistakes here. Appreciate any help, as I've read countless pages and questions and I'm still unsure. Thanks!