{"id":1218,"date":"2021-07-08T04:00:00","date_gmt":"2021-07-08T04:00:00","guid":{"rendered":"im-22094"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"reporting-foreign-income-for-uk-tax-purposes","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/reporting-foreign-income-for-uk-tax-purposes\/","title":{"rendered":"Reporting foreign income for UK tax purposes"},"content":{"rendered":"<p>Income Tax is generally payable on taxable income received by individuals including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust income. The tax rules for foreign income can be complex.&nbsp;However, if you are resident in the UK you will need to pay UK Income Tax on your foreign income, such as:<\/p>\n<ul>\n<li>wages if you work abroad<\/li>\n<li>foreign investments and savings interest<\/li>\n<li>rental income on overseas property<\/li>\n<li>income from pensions held overseas<\/li>\n<\/ul>\n<p>Foreign income is defined as any income from outside England, Scotland, Wales and Northern Ireland. The Channel Islands and the Isle of Man are classed as foreign.<\/p>\n<p>If you are a UK resident, you will usually need to complete a Self-Assessment tax return for foreign income or capital gains. The main exception&nbsp;is&nbsp;if your only foreign income is dividends and if&nbsp;your total dividends &#8211; including UK dividends &#8211; are less than the &pound;2,000 dividend allowance or you have no other income to report.<\/p>\n<div style='font-size:smaller' class='im_source'>Source: HM Revenue &#038; Customs   Tue, 06 Jul 2021 00:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Income Tax is generally payable on taxable income received by individuals including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust income. The tax rules for<\/p>\n","protected":false},"author":1,"featured_media":1219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[23],"tags":[],"_links":{"self":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1218"}],"collection":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/comments?post=1218"}],"version-history":[{"count":0,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media\/1219"}],"wp:attachment":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media?parent=1218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/categories?post=1218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/tags?post=1218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}