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Where Taxpayers and Advisers Meet

Do I need to file tax return if income unremitted?

pandora_boite
Posts:23
Joined:Thu Nov 24, 2011 6:51 pm
Re: Do I need to file tax return if income unremitted?

Postby pandora_boite » Sun Dec 04, 2011 4:00 pm

This is the link I was given: http://www.hmrc.gov.uk/migrantworkers/tax-non-uk.htm

In this link under " How to pay tax on the remittance basis" it is says that if you choose the remittance basis and have more than 2000 in earnings outside the UK you have to file a return.

Under "Allowances and reliefs if you don't choose the remittance basis" it lists a whole lot of stuff, and the last entry says you have to file a tax return.

What do the experts think? Is this just badly worded, and the implication is that you only file a tax return if your earnings exceed the allowances?

maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: Do I need to file tax return if income unremitted?

Postby maths » Sun Dec 11, 2011 2:09 pm

In this link under " How to pay tax on the remittance basis" it is says that if you choose the remittance basis and have more than 2000 in earnings outside the UK you have to file a return.

Under "Allowances and reliefs if you don't choose the remittance basis" it lists a whole lot of stuff, and the last entry says you have to file a tax return.
HMRC website is for guidance only; it is not the law. As a consequence whilst helpful it is not exhaustive and to some extent can be either misleading or in fact completely incorrect as the last sentence quoted above.

The £2,000 to which your colleague referred is as per my earlier posting outlined which in any event does not appear to apply to you on your figures which each tax year show unremitted foreign income/gains of more than £2,000.

In short my earlier postings stand.

pandora_boite
Posts:23
Joined:Thu Nov 24, 2011 6:51 pm

Re: Do I need to file tax return if income unremitted?

Postby pandora_boite » Mon Dec 12, 2011 11:59 am

Thanks very much for the clarification


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