So no matter what, if over 10k, need to report and it's not a yearly thing? What I mean is, um, if I got 10k in the account already, then the next year it increases, is it 10k for a year or no matter what over 10k need to report. Sorry if I am not making it clear, trying to sort it out in my head.
As for the tax, I have to file for it since it is over $9750 a year, can I file for tax exemption since I been living in UK for a little over two years. I read about it some where but I don't really understand the exemption thing. Um, what forms I need to fill out and is it a online form that I send or do I print it and mail it out myself?
I am really lost in this, never done it before and I don't have anyone to help me understand the steps in filing for tax in UK.