UK Tax Returns due online by end of January
Any person with a UK HMRC notice to make a UK self assessment (SA) return or any income arising from the UK beyond basic PAYE income must complete an online UK return by the end of January following the end of the UK a tax year.
The UK a tax year ends on 5th April and then returns can be prepared submitted online or paper by October or after that only online.
The deadline for 2020-21 UK tax returns is January 31 2022, after which penalties apply.
Expats cannot use the HMRC a online service as this is only for UK tax residents. All non resident expats must complete their SA return on paper or through a third party agent.
ProACT Partnership offer UK Tax return service for expats with uk income or gains arising.
Do I need a UK tax return?
Even non residents can have UK tax return liabilities including:
Income earned from a UK contract working remotely including PAYE or IR35
Government Public Service pensions
Property Rental income
UK property sales during the year for Capital Gains Tax (CGT)
Any asset sale property business or investment sale grossing more than £49200
Share and investment sales
Crypto sales, trading or reinvestments are liable to CGT
If you breach non resident rules and have a worldwide tax liability to the UK through domicile
If you are deemed to have a duel tax residence
There are capital gains and personal allowances and a return may not be necessary if for example no capital gain tax liability arises.
Even so capital losses need to be declared to reduce future tax liability against future capital gains.
All UK property sales now require a CGT tax return at the time of sale but should still be added to the year end tax return.
ProACT Partnership offer comprehensive advice online, consultant reviews and a tax preparation services for expats with a UK tax return liability.
Public service pensions
public service pensions paid from the UK could remain taxable in the UK depending upon the expats country of tax residence.
Exemptions can apple but need claiming before December 1st each year.
ProACT Partnership can review this with you.
Property rental income
If registered as a non resident landlord private landlords can enjoy income gross and settle tax annually.
Even if UK property rental income is taxed at source an end of year non resident tax return is still required.
ProACT Partnership can help assist with UK tax registrations and returns.
ProACT Tax Return Services
ProACT UK Tax Return Service includes:
ProACT offer a Retained Client Service offering online advice and know how for expats living and working abroad.
In addition we offer a Consultant Review online to take a deep look at your tax situation as a they arise, which includes a written summary.
Both these services could help you snag and complete your own return.
ProACT also offer a Tax Saving Report Service. Using this service can evaluate and support your own submission and liability. The fee for any report will also include a discount and offset against recommended required returns identified in the report.
ProACT offer a full tax preparation service for expats including bookkeeping and accounts for property rental, capital gains and personal service company contractors.
If you need ProACT help to prepare and submit your return contact us.
If you have already provided us with your instructions, income, gains and trading data to complete your UK SA tax return we will complete by the end of January and issue a summary advice and assessments as they arise.
If you still have not asked for help please contact us now or you can book an online review meeting with an expat advisor.