Here is a timeline of events:
August 2009 Migrated to UK from New Zealand
August 2009 - Jan 2010 Worked remotely in the UK, for previous employer in NZ. Salary paid into NZ bank account, and rightly or wrongly income tax was paid under NZ's PAYE equivalent (I was still tax resident in NZ during this 6 month period)
Feb 2010 Continued work for the company via a UK umbrella company with all tax paid in the UK. I am revisiting this to try and get everything in order. It seems I should have filed a Self Assessment for 2009/2010 but I was not aware of this at the time. If I did, it seems I would have claimed Foreign Tax Credit Relief for the tax paid in NZ.
1) If I am able to claim Foreign Tax Credit Relief, does this mean no(or little) tax would be due in the UK?
2) Should I now file a (very) late Self Assessment?
3) What are the penalties? Thanks very much for any replies.
Replies (7)
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You have no options. You are out of time for overpayment relief, and HMRC have no concessionary power to grant relief outside the time limits unless you can demonstrate that they were at fault for the error, which seems unlikely.
Why do you think you should have filed SA for 09/10?
Is it because you were a director of the umbrella co?
Did HMRC ask you to submit a return for 2009-10 and if not did you have a UK tax liability for the year? If the answers are no, and no, then I would say you should have no problem.