Michael Jordan
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Foreign Student confused about where I need to file Self Assessment tax return
Hello, I am a US citizen. I moved to the UK last year on a student visa and am trying to figure out whether I need to file a tax return for the 2024 tax year. Pior to moving to the UK, I was employed through June 30th at which point I left my job. I also made some stock sales prior to moving to fund my living expenses (I sold these stock at a loss and so accrued ~500 GBP in capital losses). In September 2023, I moved to the UK on a student visa. Because I lived in the UK for > 183 days during the April 6 2023 - April 5 2024 tax year, I believe that makes me a UK resident. Since moving to the UK, I haven't worked, but have had the following income: 1) < 100 GBP in interest. 2) ~6000 GBP in dividends. 3) ~4000 GBP in capital gains from stock sales. I assumed that I needed to pay tax on this income, so I notified HRMC and they sent me a notification and UTR number in the mail. However, I'm now wondering whether I need to pay taxes at all. I see here that I don't need to pay taxes on foreign income or gains if they're less than 15000 GBP: https://www.gov.uk/tax-foreign-income/study-in-the-uk So, I have some questions: 1) Do I need to file a tax return at all? 2) If I don't, how should I notify HRMC given that I previously notified them that I though I did have to? 3) If I do need to file a tax return, do I need to declare my income from my job outside the UK in April/June 2023? Thanks! - Mike -
RE: US citizen on student visa; filing taxes and getting National Insurance number if not working?
Thanks! I'm trying to file a self assessment. To do so, I need to register for self assessment. I'm trying to follow the steps at this site: https://www.gov.uk/register-for-self-assessment/y/for-another-reason-for-example-you-have-income-from-a-pension-or-a-property/no-i-m-registering-for-the-first-time However, at a certain point in the workflow, it tells me: "You must have a National Insurance number so we can check your identity." But, I'm not currently working or looking for work (I'm a student). So, when I try to file for a National Insurance number (https://www.apply-national-insurance-number.service.gov.uk/apply/may-not-need-nin) it tells me I'm ineligible. So, how can I register for self assessment? -
US citizen on student visa; filing taxes and getting National Insurance number if not working?
Hello, I'm a US citizen in the UK on a student visa. I have not been employed in my time here. Because I have not been employed, I have not received a National Insurance number. My understanding is that I cannot apply for a National Insurance number because I am not working and do not intend to work. I have two questions about this: 1. Do I need to file a tax return? 2. I have a brokerage account at an international brokerage. My brokerage would like me to add my UK tax residency to my account information (my understanding, possibly incorrect, is that because I am residing in the UK, I am a UK tax resident and so should add it). However, to do that, I need to provide my UK tax number. However, as mentioned, I do not have a National Insurance number and as far as I know it is not possible to get one. Is it possible to get some other tax number? Thanks! - Mike