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  • RE: Reporting savings interest

    HRMC Admin 32 Thx for your reply. As I mentioned before, I am foreigner (i.e. non UK tax resident) therefore it is believed I don't need to declare foreign income. The issue is that I have saving interest, below GBP10K in a tax year, earned in my accounts with bank in UK. I was told by your colleague that no tax return required under this scenario. My question is any registration for self assessment required or not ?
  • RE: Reporting savings interest

    Hi, I got the answer regarding to the fact that a foreigner (non UK tax resident) with saving interest earned from bank(s) in UK less than GBP10K in a tax year NO NEED to file tax return. Meanwhile I just saw one, seemingly a UK tax resident, needs to "register" for self assessment to report the foreign interest regardless of the amount received (mentioned by HMRC Admin 20 in a very recent post) THEREFORE I would like to clarify whether such requirement to register for self assessment is also applicable to foreigner (non UK tax resident) earning saving interest - less than GBP10K saving interest from bank(s) in UK in a tax year although there is no need to file a tax return anyway?
  • RE: Reporting savings interest

    Hi HMRC Admin8/ Admin10 Thanks for your reply. Many thanks, my saving interest is less than GBP10,000. Meanwhile it would be great if you can provide the link (HMRC) for concerned criteria so as to develop better understanding. Interest rate has been getting higher so .. it maybe useful in the way forward. Thank you.
  • RE: Reporting savings interest

    Hi HMRC Admin 10 Thx for your reply. Meanwhile I just would like to clarify whether it's one's responsibility to keep check saving interest over or under GBP10K then to do a tax return (when interest over GBP10K) or it is HMRC to notify the person his/her need to pay tax (because bank will tell HMRC) and how to pay it. Furthermore foreigner should not be able to have ISA. Please kindly advise.
  • RE: Reporting savings interest

    Hi ... I am a foreigner (retired and non uk tax resident) with bank accounts in UK bank therefore some interest. I'm new to this forum. I understand (from https://www.gov.uk/apply-tax-free-interest-on-savings) bank or building society will tell HMRC how much interest one received at the end of the year and HMRC will tell one if one needs to pay tax and how to pay it. Of course, bank gets all my details and contact (i.e. HMRC can get them). Does it mean there is NO need for me to do self assessment tax return and I'll be notified by HRMC if I need to pay any tax (on saving interest). Please kindly correct me if my understanding is wrong.