Singapore Expats Forum

UK tax self assessment

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

MENC
Newbie
Newbie
Posts: 1
Joined: Fri, 29 Nov 2013

UK tax self assessment

Postby MENC » Fri, 29 Nov 2013 10:19 pm

My accountant has just informed me that due to retirement they cannot complete my 12/13 tax year self assessment.
I am looking for a Singapore based Accountant or Company that I can meet face to face to process and submit my self assessment to the UK HMRC.

Do you know or better still recommend anybody

Thanks in advance

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Fri, 29 Nov 2013 11:05 pm

It's daunting but really quite simple.

If you can lay down your income, and any expenses and allowances you're 80% there.

User avatar
aster
Manager
Manager
Posts: 1593
Joined: Fri, 15 Jan 2010

Postby aster » Sat, 30 Nov 2013 8:48 am

JR8, you've moved back and forth between Singapore and the UK, right?

Are there any tax pitfalls when moving to the UK, any things to watch out for or must-do's before making the move?

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Sat, 30 Nov 2013 10:44 am

Well I'm self-employed, and paraphrasing 300 sections of tax code. [always highly dangerous :)]

But relevant to me and my kind, is how they treat you as resident or non-resident* (perhaps the one really significant thing). To what extent are you liable to tax. Look at the official sites and it's never easy to find an answer to such a seemingly simple question.

I'm looking at selling some UK property and have reached a point of just no longer caring what the UK tax implications are.
- I couldn't find an answer on the IR website or any other.
- A bloke on the internet said I have no tax to pay after 10 years ownership
= I've just given up. I'm just going to sell and if they want to come for me in 3/5/7 years time, so be it.

p.s. Aster. The other matter to look out for is the concept of being considered legally resident for 'tax years' (check the IR website, you'll find an answer there). I.e. the issue of 182 +/- days in the UK in any tax year. I've previously segued this (for tax) arguing I was a visitor (which technically I was) rather than a returning resident. It's not possible (and probably inadvisable) to give further advice without more inputs. But as you might expect there are ways around most everything.



* Can get very relevant if you're buying/selling significant assets etc.



p.s. The years where you are considered 'legally resident' in x/z/y [gotta love this German keyboard lol] are important.


  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 4 guests