Steve M

Hi My client is a former resident of the UK. He is currently and Australian Resident for tax purposes and is concerned with his tax obligations in UK. He only has Dividends and Interest income. The Interest though is less than £1. His dividends for 2020 £3.12 and for 2021 £16.28. That's his only income but for a capital loss on the sale of a listed share. My questions are as follows: 1. From what I understand with the Australian UK tax treaty - he probably owes £1.94 in taxes. What forms would HMRC like to have him complete? 2. How can we advise HMRC of his Australian Address? Note because he is a member of the Australian Legal fraternity, he does not want any outstanding issues and wishes to rectify things as soon as possible. Regards Steven Marsten FCPA Appleby Accountants Red Hill Qld 4059

Hi, my client was a resident of the UK in 2020 and lodged a return during that year. Since then he has been a tax resident of Australia. He recently received correspondence from the HMRC encouraging him to consider paying taxes on any Dividends and Interest he may have received in recent years. From what we can see he received some Ted Baker Dividends in 2020 £3.12. All his interest has been under a £ which I would not have thought needs to be declared. He wants to do the right thing though. Is it really worth completing paperwork for what I can see is minimal tax if any under the Joint Tax Treaty we have with the UK? Regards Steve

[Display name amended - Admin]