You need to complete a Self Assessment tax return if you have taxable foreign income from overseas savings, investments, income from property, pensions or employment.
If you receive any kind of income from overseas you must notify HMRC and register for Self Assessment.
You do not need to notify HMRC or register for Self Assessment if:
- your only income is from savings and investments and/or property, and;
- the exemptions outlined in the Property rentals and Savings and investments pages apply.
The documents you’ll need.
You will need to:
- have details of each source of income from overseas
- report the country where the income is received
- include the gross amount in UK sterling of each amount received.
If you pay local (e.g. non-UK) taxes on any payments you receive, you should also keep records of these amounts for each source of income. You may be able to claim a credit for the overseas taxes paid.