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Where Taxpayers and Advisers Meet

Foreign income

kevincab
Posts: 15
Joined: Wed Jul 15, 2015 10:53 am

Foreign income

Postby kevincab » Thu Jul 25, 2019 7:39 am

Hi all,

I have earned GBP33,000 in UK during 2018 and transfer it to my overseas account in Dec 2018. In July 2019, I remit this GBP33,000 back to my UK account. I want to know whether HMRC will classify it as the foreign income and tax me again. As I am a non domicile UK resident and the GBP33,000 has been taxed in UK in 2018 already.

Many thanks.

AGoodman
Posts: 862
Joined: Fri May 16, 2014 3:47 pm

Re: Foreign income

Postby AGoodman » Thu Jul 25, 2019 11:15 am

No, it isn't foreign income.

Jerome_Lane
Posts: 16
Joined: Mon Jul 22, 2019 10:13 am
Location: Camberley, Surrey
Contact:

Re: Foreign income

Postby Jerome_Lane » Fri Jul 26, 2019 10:38 am

You might have to take care if the account the money was transferred to includes foreign income of the current tax year. The ordering rules could look to tax that income ahead of the already taxed UK income being returned to the UK.
Jerome Lane
Tax Advisor
jerome.lane@stewartco.co.uk
Stewart&Co.
Chartered Accountants
Telephone: 01276 61203


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