lilly90
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RE: Interest on foreign bond investments
Thanks. May I know why I need to submit a SA form for the year 2022/23 if the interest was paid in July 23 and January 2023? -
RE: UTR in the certificate of residence
Thanks. May I know why the overages tax authority needs the UTR? -
RE: If a tax return is needed for foreign income less than allowance
Hi, I’m sorry but your colleagues on Twitter just said the opposite: “ You will need to total up the interest received. If it's less than the Personal Savings allowance, it doesn't need to be declared.” I would be grateful if you could confirm whether or not I need to fill in a SA tax form. Thanks! -
UTR in the certificate of residence
Hi, may I know why the certificate of residence includes the UTR? I'm transmitting it to a bank abroad to hold a bank account as a resident in the UK and wondered why the UTR is needed. Thanks! -
Interest on foreign bond investments
Hi, I invested in Italian bonds in February 2023. In July 2023, I received a gross interest of 350 euros on which I paid taxes in Italy (12.50%). In January 2024 I will receive a gross interest of 350 euros on which I will pay taxes in Italy (12.50%). I have not gained any other interests. I would like to know: 1) whether I need to fill in a self-assessment form for the tax year 2022/23; 2) how I can get the taxes back from Italy. Thanks! -
RE: If a tax return is needed for foreign income less than allowance
Hello, I'm a UK Tax resident and domiciled in the UK. I have some questions regarding my tax situation: 1. I earned wages in the UK, and my Income Tax Band is Basic rate. 2. I received about £600 in interest from a foreign bank account due to investments in Italian Treasury Bonds. I understand that the Basic rate Personal Savings Allowance (PSA) is £1,000. My questions are: - Does the £600 foreign interest the count towards the PSA? - Do I need to file a self-assessment tax return for this foreign income, even if it's less than £2,000? Thank you for your help. Lili