daveb58
-
RE: Tax filing on remittance basis
With regard to the Guidance notes and in particular Section 9.27 which states: Normally, if you want to claim the remittance basis, you’ve to complete a Self Assessment tax return. There are 2 exceptions to this which you will need to consider. The first is explained in paragraph 9.15. The other exception is when the following circumstances apply. You: - are a non-domiciled UK resident for that tax year - have no UK income or gains in the tax year (other than taxed UK income of less than £100) - make no remittances of foreign income and gains during the tax year - have been a non-domiciled UK resident for fewer than 7 of the previous 9 tax years, or are aged under 18 throughout the whole of the tax year - are not required to complete a Self Assessment tax return for any other reason Which all apply to me - Is there any upper limit on the amount of Foreign Income received outside of the UK which is NOT remitted to the UK in that tax year before I have to submit a self assessment return