Since you’re a UK resident, your worldwide income is subject to UK tax, regardless of where your tutee is based. However, in this case, as the payment is made in GBP and transferred directly to your UK bank account, it doesn’t necessarily qualify as “foreign income.” Instead, it’s considered part of your self-employment income for your tutoring business. You’ll need to include this income on your Self-Assessment tax return under your self-employment earnings.

@@acumenaccounting Thank you so much for answering my question so clearly and quickly - I really appreciate it. Have a great evening. 🙂

Hello, Please make sure you submit all outstanding tax returns. Once all submitted write to HMRC with all the details and mention your mental wellbeing in most cases they cancel the penalties. Hope this will work.

In the UK, you may use the foreign tax credit relief for any withholding tax paid on foreign income, but it typically applies only to offset tax due on that same portion of income, not across bands. Since you received US dividend income that is taxed at different UK rates, here’s how it works: 1. For the first tax band: As you noted, the 15% withholding tax you paid to the US meets the UK requirement, so no additional UK tax is due on that portion. 2. For the second tax band: In the UK, dividend income in this band is taxed at 33.75%. Since you've already paid 15% to the US, you’ll generally need to pay the difference (33.75% - 15% = 18.75%) to HMRC for that portion of income. In other words, the foreign tax credit relief allows you to claim credit for US tax paid, but only up to the UK tax due on each portion of income. You would therefore need to pay the additional 18.75% to cover the UK’s higher tax rate on the income in the second band. Hope this answers your question.

Once you cross the threshold of VAT registration you need to register the business with HMRC for VAT. Once registered you can submit quarterly VAT returns.

First make sure you submitted all outstanding tax returns and send appeal letter in the post you HMRC

We strongly recommend to send the appeal with reasonable excuse. Please make sure all your outstanding tax returns are submitted before you send the appeal letter.

Thank you for the nice comments. It was nice talking to you over the phone. All the very best with your future plans.

You can send them a letter as far as there is reasonable excuse for the late filling. In some cases they accepted the appeal even its second time.

Hello, yes you need to do the self assessment and declare your rental income from Spanish property.

You need to declare your freelancer income to HMRC in your self assessment tax return. Please register yourself with HMRC as self employed. If you freelancing after your work time this shouldn’t be a problem as far no restriction from your employer.

Good morning, If funds transferred from abroad are a gift, then there won’t be any tax implications as HMRC does not view gift transfers as a form of income. Please make sure you have all the paperwork because bank will ask you prof of funds…..etc

You can go to gov .uk website and search paying self assessment. You can pay online please make sure you put your UTR no in payment reference.

Hello, please declare this under the foreign income section. Please note it’s a specialised area of the tax return and we recommend you seek professional advice.