Tax Returns for Overseas Income
If you’re living or working abroad, you may still have to pay UK tax on some or all of your income. It all depends on where the money’s coming from and what your tax residence status is.
This is a very complex area of tax regulation, and the rules that apply to your situation are defined by the statutory residence test. This is used by HMRC to decide whether you are liable for UK tax. Your tax residence status depends mostly on the number of days you spend in the UK, along with some other factors.
In addition to your own work and residency status, you will still need to file a Self Assessment Tax Return if you are a director of a company based in the UK or receive rental income from property in the UK.
If you are at all unsure of your position, professional advice is recommended. If you just need advice at this point to help in your decision making, please contact our expert tax team. We offer free a 30-minute face-to-face or online consultation so you get total peace of mind.
Call us on 01883 730044 or email us at oxted@moorgates.co.uk