I have income from abroad

Do i report it to HMRC?

In the time of pandemic as the economic uncertainty continues the last thing anyone can think of is giving away money to HMRC in the form of penalty.

The deadline to submit Self- Assessment tax return is 31 Jan 2021. You can pay your tax bill till 31 Jan 2020, however it is always a good idea to start filing the return early and make the payment before the deadline in order to avoid any delays in the payments which can incur a penalty. Even if you are thinking of paying the penalty over the phone its always better to do it early than when the deadline is near as HMRC call centre is very busy at that time.

HAVE YOU INCLUDED ANY INCOME FROM ABROAD IN YOUR SELF-ASSESSMENT TAX RETURN?

If you had any foreign income and you were UK resident you should report it to HMRC by filling self-assessment tax return and pay UK tax on it. You can do this by registering yourself for self-assessment, you should have done this by 5^th October. In case you have missed the deadline you might incur a penalty, however, if you have a valid reason you can appeal against it.

UK RESIDENT OR NOT?

If you want to know you are a UK resident or not you should ask yourself 2 simple questions:

1. Did I spend 183 or more days in UK?
2. Did I have a home in UK –and did I spend at least 1 month (30 days) in the tax year in the home which I bought or rented in UK for at least 3 months (91 days)?

If the answer to any of the above questions is yes then you are a UK resident and you will be filling in the self-assessment tax return and paying tax.

FOREIGN INCOME

Foreign income will include rental property, any online sales, and dividends from foreign investments for example if you have invested in shares or you have income coming from different funds.

IF THE ONLY FOREIGN INCOME THAT YOU HAVE IS DIVIDENDS

There is an exception when you do not have to fill in the self-assessment tax return

If you have invested in shares abroad but all of the following apply then you do not have to register and fill in the self-assessment form:

If your only foreign income is dividends and your total dividends which also includes your UK dividends are less than £ 2000 you do not have to fill in the self-assessment tax return provided you do not have any other income (foreign or UK income ) to report.

HOW CAN WE HELP YOU?

We at Taxaccolega, have an expert team of accountants. If you want any advice on personal taxes please free to contact us. We can advise you, prepare accounts and file your returns on time. If you have received any penalty and you want to appeal against it we can do it for you. Call us at 020 8127 0728 and we will be happy to help you.

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ID Verification Form For Companies House

From 18 November 2025, UK law will require all company Directors and Persons with Significant Control (PSCs) to verify their identity with Companies House.

Companies House will issue a personal code to PSCs.
Taxaccolega (ACSP) can help collect data and assist.
Please answer the questions and upload documents.

Personal Details

Fornames * Last Name * Date of Birth * Nationality * Place of Birth *

Contact Details

Current Address * Date you moved in at current address? * Previous Address(es) in last 12 months (if Any) Email * Phone *

Role in the Company *

I am a Director I am a Person with Significant Control (PSC)

Identity Documents

ID Document * Address Document *
Are you an Overseas Director and PSC? *

Additional (Overseas)

Overseas Supporting Docs *

Privacy & Consent

You are declaring that all documents and information provided by you are true and correct, you are consenting to use and store your personal data and consenting for Taxaccolega Chartered Accountants to act as Authorised Corporate Service Provider (ACSP) on your behalf.

I confirm that I have read and agree to the above Terms & Conditions and consent to the processing of my data by Taxaccolega Chartered Accountants for the purposes of identity verification with Companies House.

Terms & Conditions – Identity Verification Process

By submitting, you authorise Taxaccolega to process your data for ID verification with Companies House.

I agree to Terms*

1. Purpose of this Agreement
1.1 These Terms & Conditions apply to the collection and processing of personal data and identity documents required under the Economic Crime and Corporate Transparency Act 2023 and Companies House identity verification rules effective from 18 November 2025.
1.2 By submitting your details through our online form, you authorise Taxaccolega Chartered Accountants (as an Authorised Corporate Service Provider – ACSP) to process your information for the sole purpose of fulfilling the identity verification obligations set by Companies House.

2. Client Responsibilities
2.1 You confirm that all information and documents you provide are true, accurate, complete, and current.
2.2 You accept full responsibility for any false, misleading, or incomplete information supplied, and acknowledge that this may lead to penalties or rejection of your verification by Companies House.
2.3 You must notify us promptly of any change in your details (such as name, address, or role in the company) which may affect the verification process.

3. Our Role & Limitation
3.1 We act solely as an intermediary in submitting your information to Companies House.
3.2 We do not guarantee the acceptance, speed, or outcome of any identity verification by Companies House. The final decision rests solely with Companies House.
3.3 We shall not be liable for any loss, delay, penalty, or consequence arising from:
* (a) inaccurate or incomplete information provided by you,
* (b) delays or failures within Companies House systems,
* (c) rejection or failure of verification by Companies House, or
* (d) events outside our reasonable control.
3.4 Nothing in these Terms excludes liability for death, personal injury, fraud, or any liability which cannot be excluded under law..

4. Data Protection
4.1 We will process your personal data in accordance with the UK GDPR and the Data Protection Act 2018.
4.2 Your data will be used solely for the purpose of identity verification and related compliance requirements.
4.3 We will retain your information only as long as required by law or regulatory obligations.
4.4 We will not disclose your information to third parties other than Companies House or other parties legally entitled to it.

5. Client Consent
By ticking the consent box and submitting your details, you confirm that:
• You have read, understood, and agreed to these Terms & Conditions.
• You consent to Taxaccolega Chartered Accountants acting as your Authorised Corporate Service Provider (ACSP) for identity verification purposes.
• You consent to the processing, storage, and transfer of your personal data and documents in accordance with Section 4 above..

6. Governing Law & Jurisdiction
These Terms & Conditions are governed by and construed in accordance with the laws of England and Wales, and any disputes shall be subject to the exclusive jurisdiction of the courts of England and Wales.

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I have income from abroad do i report it to HMRC?