David

Oh, the US interest income earned that I report is also supposed to be from the US tax year, not the UK tax year?

Hi admin, Thanks for the reply. Can you please clarify what you mean by "so that they match"? The thing that confuses me is that the US and UK tax years DON'T match. I'd like to provide a specific example to ensure I do it correctly. Let's say that for the UK tax year 2022-23 I had £1,000 in US-sourced savings interest income, and I paid 20% tax on that, or £200. Let's say that I also had US-sourced savings interest income of £500, taxed at 20% (so £100 paid in tax) between January 1, 2022 and April 5, 2022; that is, inside the US 2022 tax year, but outside the UK 2022-23 tax year. When I fill in my UK tax form, in column B I'll put £1,000, but in column C would I put £200, or £300 (£200 + £100)? If it's the latter, then would I also include in column C tax payments made in 2022 that were for income earned BEFORE 2022? In 2022 I happened to have paid some taxes for previous years' income. Thanks!

I have a question about the time period I should be considering when inputting the "Foreign tax taken off or paid" in box C. I have USA-sourced interest and dividend income. I know that I'm supposed to report the USA-sourced income that I earned during the UK tax year 2022-23 (April 6, 2022 to April 5, 2023), but is it the same for the tax I paid? Or, do I consider the "Foreign tax taken off or paid" in the USA tax year (January 1, 2022 to December 31, 2022)?