[BITList] Fwd: [bep] UK Tax

[John Feltham]

Begin forwarded message:

From: "Peter Morris" <petermorriscpa at gmail.com>
Date: 11 February 2010 6:58:22 AM
To: <bep at yahoogroups.com>
Subject: RE: [bep] UK Tax
Reply-To: bep at yahoogroups.com


Hi Derrick



If you are an Australian permanent resident and a resident for  
taxation purposes, you are taxed in Australia on your world wide  
income.  Any tax you have deducted on UK sourced income you should  
receive a tax credit in your Australian income tax return as well as  
including the gross income in it.  You could fill in a FD2 Australia  
form to ask the UK pension providers to pay your UK sourced pension  
“gross” (without the deduction of tax) and simply pay the tax in  
Australia through your Australian income tax return.



For the form see:



http://www.hmrc.gov.uk/cnr/aust_indiv.pdf



Peter M



From: bep at yahoogroups.com [mailto:bep at yahoogroups.com] On Behalf Of  
derrick prance
Sent: 10 February 2010 22:46
To: bep at yahoogroups.com
Subject: Re: [bep] UK Tax





James



I wrote to them last week. They insist on taxing both my private  
pensions that are paid directly into my uk a/c.I keep them there for  
when I visit the UK on holiday. They were informed in 1997 by the ATO  
that my tax affairs were dealt with in Australia. I reminded them of  
that fact and await a reply.

Derrick

----- Original Message -----

From: James Nelson

To: bep at yahoo

Sent: Thursday, February 11, 2010 5:56 AM

Subject: [bep] UK Tax





We have received a number of enquiries by email and phone.

In fact there has been a huge glitch in HMRC computer system. Lots of  
people
are being advised wrongly of changes in their tax code.

The errors seem to affect only occupational (company) schemes,  
although we
do know of one case where someone is being taxed on his UK state  
pension.

Unless you are on visa class 410 or similar (temporary resident) you  
are not
liable to pay UK tax on your company pension. If HMRC are trying to  
tax you,
contact the Australian Taxation Office - ATO. You need to fill out a  
British
form FD2 and have it stamped by the ATO. Or you can write direct to the
British tax people.

I am told that HMRC do not have an email address and do not correspond  
by
email. So it is best to use old fashioned "pigeon" post.

You may like to have a look at http://www.hmrc.gov.uk/cnr/allow_nonres.htm
Australia does have a DTR agreement covering pensions, so you should  
not be
taxed in UK on them.

James


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