SelfAssessment UTR

[ssafridi]

Hi All,
My first question here.

I moved to UK last year in March and have a salary of £40K pa. Before moving to UK, I was working in the Middle East. I have a home (which is rented @£400pm) in my home country (Asia) and investment in listed shares in Dubai. I want to be taxed in UK on remittance basis.

Now my question here is that although in UK I am paying all tax on my salary via the employer, shall I still get a UTR and file self assessment return? If Yes, then in the UTR application what shall be my answer to their question "Why do you need to complete a tax return?"

Thank you very much.

[AdamS93]

You would be silly to claim the remittance basis in this scenario. You'd lose your UK personal allowance.

[nathan123]

On SA1, you need to select " have been getting taxable foreign income in excess of £300 a year"

[ssafridi]

You would be silly to claim the remittance basis in this scenario. You'd lose your UK personal allowance.

Hi Adam,
Thanks for the reply? Is the allowance not available then?

[ssafridi]

You would be silly to claim the remittance basis in this scenario. You'd lose your UK personal allowance.

Yes Adam, saw it in rules. Thank you very much for pointing out.