Kelvin HO
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RE: Tax filing on remittance basis
I now understand the use of Box 34. Please advice if we need to state in Box 40 the amount of taxable remittances (including say living costs in UK paid by overseas bank credit cards) which we have already made during the 2022/2023 year?? Is it ok for me now, that, I then send another copy of REVISED SA109 to HMRC to supercede the ones I sent last week?? (For I sent to HMRC last week with all my SA100, SA102, SA106 and SA109) Thank again -
RE: Tax filing on remittance basis
Thanks Admin 32, I now understand the use of Box 34. Please advice if we need to state in Box 40 the amount of taxable remittances (including say living costs in UK paid by overseas bank credit cards) which we have already made during the 2022/2023 year?? Is it ok for me now, that, I then send another copy of REVISED SA109 to HMRC to supercede the ones I sent last week?? (For I sent to HMRC last week with all my SA100, SA102, SA106 and SA109) Thank again -
RE: Tax filing on remittance basis
Does it means that ONLY those part of foreign income that the taxpayer consider WOULD bring into UK SOME DAY LATER need to be "Nominated" and fill in Box 34??? Other part of the foreign income that the taxpayer consider would NEVER remit into UK can then be excluded from Box 34??? For those amount filled into Box 34, does it mean that the HMRC will immediately tax on it in the current tax year???