Lorenzo
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RE: Self Assessment - Do I need to declare foreign dividends if money are not brought into UK?
Thank you for this answer, I have reviewed the RDR1 guidance, and I think I am a UK resident. I have been in the UK for more than 183 days every year since 2016. Given that, I think my tax is calculated on arising basis, hence I need to declare any income even if not brought into the UK, correct? The Double Taxation Agreement should then provide relief for the tax paid in the EU country, correct? Will it be partial or total relief? If you could confirm the above I would be grateful Thank you -
Self Assessment - Do I need to declare foreign dividends if money are not brought into UK?
Hello, I am filling my first self assessment. I have steady income from employment in UK and no other form of income in the UK. In the same tax year, I received dividends from a company in my home EU country. These money have been paid out in a bank account in my name in that country and have not left that country nor been brought into UK (and I do not plan to). This country has a double taxation agreement with the UK and such dividends have been taxed accordingly before being paid out. Do I need to declare these dividends when doing my self assessment? Thank you