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Topic: First self assessment tax  (Read 925 times)

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First self assessment tax
« on: April 28, 2016, 06:17:34 PM »
It's been just over a year now in the UK.....my wife says I have until the end of this year to get  things done. My wife also says I need a P60?(she's not sure).....but that is if you were working and paying taxes etc. Is there something I need to fill out/apply for anytime soon? I haven't gotten on the UK tax site yet.
Fred


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Re: First self assessment tax
« Reply #1 on: April 28, 2016, 08:44:45 PM »
I'll take a guess; a P60 is generally issued, in the case of a retiree, by the pension provider, but only if the pension provider is located in the UK and it's UK sourced income. I'm not sure you have any UK sourced income (UK State Pension?, which may not issue one anyway).

According to GOV.UK, you may register to start self assessment by filing form SA1.

https://www.gov.uk/register-for-self-assessment/not-self-employed

https://online.hmrc.gov.uk/shortforms/form/SA1

"2.You’ll get a Unique Taxpayer Reference (UTR) in the post within 10 working days (21 if you’re abroad) - you’ll need it to send a paper tax return or to enrol to send it online."

I assume this is accurate, but a call to HMRC will confirm.


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Re: First self assessment tax
« Reply #2 on: April 28, 2016, 09:40:53 PM »
Thanks. I got around to looking at the UK tax site......figured I would just need to call them and see what they say. Technically I shouldn't owe any tax in the UK since my pension is US Govt.....at least not for another 4 years after my social security kicks in. Other than a tiny bit of money from our savings account here.....no UK income.
Fred


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Re: First self assessment tax
« Reply #3 on: April 28, 2016, 10:52:39 PM »
Technically I shouldn't owe any tax in the UK since my pension is US Govt.....
Always helps when you know the full situation.

You'll need to know if a SA return is required for any funds sent to the UK over those 4 years in order to invoke the treaty?


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Re: First self assessment tax
« Reply #4 on: April 29, 2016, 07:06:44 AM »
You'll need to know if a SA return is required for any funds sent to the UK over those 4 years in order to invoke the treaty?

Good point.....I forgot about the mutual funds I have been selling off over the last year. Any gains on those may be reportable over here. Need to go back and look at the gains to see how much it amounted to.......very likely pushes me over the limit for here.
Fred


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