Siu Bing Wong
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RE: Interest from overseas savings SA106
Hi, thanks for your reply. I get what you meant. But I am still not getting the answer to my question. Are the boxes of "Remitted foreign savings income" only applied to those who are on remittance basis ? If so, in our situation of not applying remittance basis, we do not need to fill in those boxes at all. Please correct me if I'm wrong. Thanks. -
Interest from overseas savings SA106
Hi, I am now working on SA106 with my husband. He received overseas interest (above GBP2000)in year 2023/24. As far as we understand, he needs to fill in the boxes of "Interest and other income from overseas savings" under the Section of Income from overseas sources. Since he is not choosing the remittance basis, is it correct that he does not need to fill in the boxes of "Remitted foreign savings income" at all even though he has already remitted his overseas interest to UK ? Please kindly confirm our understanding. We get a bit confused here. Thank you. -
RE: Need to send self assessment tax return ?
Thank you very much for your advice. However, may I ask one more thing. I submitted my application for registration of self assessment on 14 May while my husband submitted his in mid June. Amazingly he got reply and hence his UTR from HMRC just a few days after his submission. Would it be possible that I did something wrong with my application ? I used the link that you provided above to check the expected date of receiving the reply and it says that they are handling the application submitted by 8 May. So shall I still wait ? Looking forward to your further advice. Thanks. -
Need to send self assessment tax return ?
Hi, I arrived UK in 2023. Tax year 2023/24 is my first year to be a tax resident. I am not working at all. My only source of revenue is from saving interest income. I only received GBP 80 from overseas and GBP 10500 from UK bank for the year. Under this circumstance, am I still required to file the tax return as my total income is below the threshold of personal allowance ? I did the test on HMRC website and the result was that I need to file the tax return though. Since I have incurred overseas interest income, even amount is small, I am not sure whether I am still obliged to file the tax return . In fact, I've already applied for registration of self assessment just in case if I need to do so. However, it's been over a month and I still have not received my UTR number. Please kindly help and advise. -
Any need to do self assessment if classified as non UK resident ?
I arrived UK in March 2023. According to the Statutory Residence Test, I met the second automatic overseas test as I spent less than 46 days in UK and hence I am non UK resident in tax year 2022/23. I did not earn any income in UK during this period except for earning some overseas interest income. Since I am non UK resident, my overseas interest income shall not be subject to UK tax for year 2022/23. In my situation, is it correct that I do not need to do self assessment and no need to file tax return ? In other words, I shall not do any thing at all until next tax year.