Skip to main content

This is a new service – your feedback will help us to improve it.

  • RE: Foreign tax refund

    Hello, Thanks for your reply and for the link to the relevant info. To clarify - does the 'overpayment relief' claim apply to underpayment of tax cases? I actually owe tax to HMRC as I deducted the full amount of foreign withheld tax from my total tax liability, so the refunded amount is what I'll have to pay to HMRC for both 2019 and 2020. I am not claiming an overpayment of tax. Thank you
  • Foreign tax refund

    Hello, I am a UK tax resident, use cash basis accounting, have trading/employment/investment income. My salary came from foreign employment and was taxed at source in the foreign country in 2019, 2020. I claimed FTCR as per the DTA for these on my UK tax returns. In 2023 I unexpectedly found that I was due a refund of some of that withheld foreign tax. The deadline to amend my 2019 and 2020 UK returns has now lapsed, do I add this refund to my current return? Do I report amounts due (as per the calculation on the foreign tax return) or the actual received refunds, foreign tax returns were submitted late and there is no guarantee I will get a full refund due to timing. Also will I have to pay a penalty + interests calculated from 2019, 2020 for the respective due/refunded tax amounts? Can you please provide me with a link to a related guidance/legislation. Thank you