TaxCalc--asking for info on income earned but not remitted to UK?

Confused as to what needs to be reported in my self-assessment in terms of income earned from foreign investments. In TaxCalc's mode where they show you HMRC forms, it looks like you only report foreign income earned if it is remitted to the UK.

BUT in it's "SimpleStep" mode, it says to report the amount actually earned "whether or not you brought it into the UK." It then adds it to your taxable income.

Which is the right way to do it?

Thanks,

Clarelynn

I am not familiar with the software but this a bit complicated.

Self-employment income, gains on life policies, income in US living trusts and a few other kinds of income are usually taxable in the UK even if not brought to (remitted to) the UK.

Other kinds of income (such as dividends and interest) are not taxable if they are not brought to the UK and you claim non-UK domicile and you claim the remittance basis.

There is no form or box to claim the remittance basis but if you fail to claim the non-UK income remains taxable.

Therefore the correct thing to do is to write this claim in the white space.

Some advisers go further and disclose the exact amounts of non-UK income and gains each year in the white space as well to protect the taxpayer from HMRC later discovering an omission, so there is no harm in not disclosing as this prevents a dicovery assessment.

Wow -- nothing is simple & straightforward here, is it?

Thanks, Guya.