2 quick questions. :)

[FloopyPooples]

Hi all.

I hope you're doing well?
Here's my 2 quick questions that I hope can be answered.

1) If I work in a foreign land for a foreign company and get paid in foreign money into a foreign bank account (essentially, nothing I do has any link back to the UK) do I need to declare anything to anyone back in the UK.gov?
I think that's a no.

2) If I DO get a 1 time payment into my UK bank account from the foreign company in a foreign land, does this need declaring? I also think there might be some kind of limit? E.g... no need if it's under a certain amount?

- Cheers

[AmanSood]

If you are UK resident and working from the UK, then it doesn't really matter where the income is being paid as you would have to pay tax on it in the UK. So answer to question 1 is Yes and question 2 is No (there is no de-minimis limit for tax purposes).

Also please see our article (link below) where we are seeing increased activity from HMRC in contacting UK tax resident individuals with offshore bank accounts. If however you are non-UK tax resident then there should be no UK taxes to pay on your foreign income.

http://e-taxconsulting.com/onewebmedia/ ... 202017.pdf

[FloopyPooples]

Thanks for the reply.

So it seems that if you're away for more than a year (and spend less than a certain amount of time in the UK), then you're classed as "Non-UK Tax resident", so it's really only the first year that people might be interested in.

Are there any professional people (I don't know the name for them, but like lawyers for tax issues) that a person might contact to sort out any issues on their behalf while someone is out of the country?

- Cheers

[AmanSood]

Feel free to give me a call and I can advise on whether we can support you with this or point you in the right direction.

[FloopyPooples]

I'll email you in the not too distant future to the address in your sig

- Cheers