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Posted Sun, 15 Dec 2024 12:12:07 GMT by hjeriksson
Since I had to do my self assessment for the first time this year for other reasons I realised I should have already self assessed to declare foreign interest income. I've been a UK resident for tax purposed for a couple of years before this past tax year. How should I declare foreign interest from previous years? I don't owe any tax since my interest income is and has been below the taxable threshold (income amounts are below £100 for the years in question). Many thanks
Posted Mon, 23 Dec 2024 09:00:39 GMT by HMRC Admin 17 Response

Hi ,
 
If you meet the criteria for Self Assessment then you will need to register and submit a Self Assessment even if no tax is due.

You can check if you meet the criteria at :

Check if you need to send a Self Assessment tax return    .

Thank you .
Posted Sun, 29 Dec 2024 08:45:05 GMT by hjeriksson
Thanks, how about for tax year 21/22 and 22/23? I had less than £100 interest income which was taxed in Sweden and I did not self assess since I was unaware of the requirement. How do I declare the foreign interest in previous years (21/22 and 22/23)? Due to the amount I understand there was no tax due but I don't understand if there's the still a need to declare these amounts in some way. Many thanks

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