kristiname
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RE: Foreign incomes, self assessment
Now I understand that I need to register as self employed because I was doing contracts and didn't know I needed to register as self employed CWF1 with this form. So I registered before 5th October 2024 for self assessment SA1 and got my UTR because I have foreign income that is taxable in the UK (this salary), I registered SA and ticked that in the checkbox. But to declare that income as self employed I first need to register as self employed but I missed the deadline for that 23/24 tax year. If I select in SA that it is self employed income but I haven't registered yet will that be a problem? Or I can register now without any problems? -
RE: Foreign incomes, self assessment
Thank you. Now I’m filling my tax return. I don’t understand, should I declare this income in a Foreign Section or just like normal self employed income? Because in the tax return there is a question“If you received any foreign incomein, do you need to complete the foreign section?” I answer - Yes. After I can see the foreign section in my tax return. In the Foreign Section: Which of the following types on income did you receive from overseas sources? - I chose “Employment, self-employment and other income which you paid foreign tax”. And at the end of tax return I see “Calculating your foreign tax credit relief” and information that I have to filling the Foreign Tax Credit Relief Working Sheet. But I didn’t pay any taxes abroad on the ship and I don’t want to claim this relief, also the amount of money less than 12570£ and I just want to declare this income. What should I do? -
RE: Foreign incomes, self assessment
Thank you. But if I will declare this as a self employed income but I don’t have invoices which are mandatory for self employed as a proof of income? I only have contracts from the foreign employer and payslips. Anyway I should declare it as a self employed income? -
Foreign incomes, self assessment
Hi. I have few questions. In tax year 23/24 I worked abroad at sea on a cruise ship as a musician, it was only one source of my income. The agency which hired me registered in Panama, but ship under Maltas flag, itinerary outside of UK, salary was in Euros. I’m going to fill in my self assessment. I’m not interested in Seafarers earning deductions because the incomes in total approx 12500 under tax free allowance. But should I declare this money as a self employed or employed ? Because I was doing short contracts few months each for this company. And how should I pay NI ?