Raymond Wong

Hi, officers of HMRC Let me reorganize my above questions as below: 1.) If I ONLY have income of foreign interests, foreign dividends and foreign capital gains (assume they need not be taxed overseas), 2.) If I elect remittance basis and NOT to remit them into UK, Do I not need to complete SA106 and SA108 for those foreign interests, foreign dividends and foreign capital gains (assume they need not be taxed overseas) but only need to include them in Box 34 and 35 with explanatory notes in Box 40 in SA109 ? Please help clarify. Thanks!

Hi, Further to my above question, do you mean that I do not need to complete SA106 for those foreign dividends, interests and capital gains (assume they need not be taxed overseas) but only need to include them in Box 34 and 35 in SA109 with explanatory notes on Box40? Please clarify. Thanks!

Dear HMRC, Thanks for your reply which is definitely clear and helpful! By the way, if I also have foreign interests, dividends and gains but "without" any foreign tax paid on those, do I still need to put these incomes and gains in SA106 if I elect remittance basis and NOT to remit these incomes and gains into UK? Or I only need to put these incomes and gains in Box 34 and 35 in SA109 with explanatory notes on Box40? Please help further clarify. Thanks!

Hi, Thanks for you reply. But my question is whether this HK taxed Director's Fee as reported in SA102 and Sa106 (i.e.foreign tax credit claimed) is subject to UK tax if I elect remittance basis in SA109 and NOT to remit them into UK? Please help clarify. Thanks!

Hi, Noted and thanks! But is this HK taxed Director's Fee as reported in SA102 and Sa106 (i.e.foreign tax credit claimed) still subject to UK tax if I choose to elect remittance basis in SA109 and not to remit them into UK? For your easy reference, I am a UK resident and non-domicile under SRT. Please advise. Thanks!

Hi, I have similar situation above. I note that you request us to fill in SA100 and SA106 to report this foreign director fee. My question is that when I want to complete the SA106 to report this foreign director fees received from a Hong Kong company, I don't know which part in SA106 I should fill in this income. Should it be the box "All other income received by a person abroad and any remitted 'ring fenced' foreign income? If not, please specify which part we should fill in this foreign income. Thanks a lot! On the other hand,

Hi, Yes, I will use remittance basis and declare the HK taxed Director's Fee not being remitted to the UK in Box 34, and fill in box 40 is an explanation of box 34. But do I still need to fill in SA102, or I only need to give the details of the Director's Fee in Box 40 of SA109? Please advise. Thanks!

Hi HMRC, Thanks for your reply. Based on the SRT, I should be a UK tax resident, Non-domiciled. Do you mean that if I meet the criteria for applying the remittance basis and choose to do so, I need not declare this HK taxed Director Fee in the self assessment tax return pursuant to the Article 15 of DTA between HK and UK? Please advise. Thanks!

Hi HMRC, I have similar situation as soyukki. Article 15 of DTA between UK and HK states that Directors’ fees and other similar payments derived by a resident of a Contracting Party in his capacity as a member of the board of directors of a company which is a resident of the other Contracting Party may be taxed in that other Party. As my Director's Fees have already been taxed in HK, please confirm I don't need to report it again to HMRC based on the Article 15 above? Please advise. Thanks!