US - UK Taxes / Re: US Money market funds
« Last post by durhamlad on Today at 11:43:05 AM »The Vanguard money market funds are not ETFs and do not appear on the HMRC reporting funds list. I think that strictly speaking they pay dividends rather than interest. But if you are declaring the "interest" every year and paying UK tax on it then that sounds like the right way to deal with a UK non-reporting fund anyway.
Looking at my last UK return they appear in schedule 3: Foreign Savings, and are listed as "Vanguard qualified dividends" (from my ETF equity fund) and "Vanguard unqualified dividends" from the Vanguard money market clearing account. The qualified dividends attract the lower tax rates and unqualified dividends get treated as interest.