Hi
hopefully someone can give me an idea of how my 2013/14 tax assessment will go.
I was working in Norway until 0ct 2013 - in the Norwegian PAYE system - so I will be claiming foreign tax relief for that portion of my pay.
I then came back to the UK and went self employed
I earned approx 70k in Norway and 20k back in the UK - just staying under the 100k threshold for personal allowance reduction.
Assuming that my foreign tax paid is sufficient to cover my liability from a UK point of view, how will my personal allowance be factored into the tax calculation.
Do I declare my income as 20k - 10k expenses and 8k personal allowance(some residual issues from previous years - reduce it from 10.5k) and only pay tax on 2k; having claimed foreign tax relief.
Or is it more onerous as I suspect.
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