How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask bigduckontax Your Own Question

bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 3394
Experience:  FCCA FCMA CGMA ACIS
75394688
Type Your Tax Question Here...
bigduckontax is online now

Dear Sir I am a South African Resident, Living in South

Customer Question

Dear Sir
I am a South African Resident, Living in South Africa.
I have a UK bank account from 10 years back when I lived and worked in the UK.
I no longer have UK residency.
I work for a company in Singapore Full Time.
At the moment I am taxed here in South Africa.
I would like to move my billing address to the UK but still working from South Africa.
Will I be Taxed in the UK on my earnings?
Thanks
Stuart
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.
Hello Stuart, I'm Keith and happy to help you with your question.
When you left the UK did you submit a form P85 to your UK tax office? If you did not then you should do so immediately, Fortunately there is no time limit and the form is available and can be filed on line. On receipt of the P85 HMRC will classify you as non resident for the tax year after the date of departure and split the year of leaving into two portions, one resident and one non resident.
As a non resident using an UK accommodation address would not in my opinion expose you to UK taxation as none of your business activities are conducted in the UK. I would advise you to retain records of what you are doing just in case of an enquiry from taxation authorities. You are, of course, liable to UK Income Tax on any interest earned on your UK bank deposits, but usually deposit takers deduct tax at 20% unless advised to the contrary so that should not be a worry. Furthermore, if you are a British Citizen, you will be entitled to a Personal Allowance, currently 10K, year by year.
I do hope I have set your mind at rest over this matter. If you make visits to the UK you should ensure that they do not exceed 91 days in any one tax year. Although these 91 days can be averaged out over four years most experts on this site would advise you never to breach the 91 day rule.
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 3394
Experience: FCCA FCMA CGMA ACIS
bigduckontax and 2 other Tax Specialists are ready to help you
Customer: replied 2 years ago.

Hello Keith

Thanks for the quick reply. I'm not sure about the P85 form, but at the time we had a UK accountant dealing with our Tax so I will assume she took care of this as it was all above board.

I am unfortunately not a British Citizen and had a residency permit granted thru' the Ancestor Visa system. This has fallen away due to us now living back in SA.

I think you have answered my question fully as my biggest concern was being lumped with a Tax Bill from both Countries. I pay the full tax amount here in South Africa but with the Rand under pressure, I would like to have my USD paid into the UK.

Thanks again for the service and have a great 2015.

Regards

Stuart

Expert:  bigduckontax replied 2 years ago.

Well, it won't cost you a bean to send in another P85 Stuart, belt and braces you know!

There is a Double taxation Treaty in force between the UK and South Africa the purpose of which is to ensure that the same income stream is not taxed in both jurisdictions. This is achieved by means of tax credits, the tax paid in one country being allowed against the liability in the other so you would not get taxed twice anyway, save on differential tax rates.

By the by, you would appear to be entitled to the Personal Allowance, have a look at HMRC information sheet RDRN10340!

Thank you for your excellent support. I was last in South Africa in a Joburg suburb just before apartheid ended and was astonished that the indigenous population were surprised when we said please or thank you. On my return I mentioned this to a friend who had been brought up there and he was appalled. 'If I hadn't said please or thank you to our servants I would have been thrashed,' he explained, 'They are your source of wealth and comfort.' Went racing at Turfonien, great fun and a supurb curry served too!

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
< Previous | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex
 
 
 

Meet The Experts:

 
 
 
  • Sam

    Sam

    Accountant

    Satisfied Customers:

    7088
    26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
< Previous | Next >
  • http://ww2.justanswer.com/uploads/TA/Tax Expert/2013-8-21_231010_sam.64x64.jpg Sam's Avatar

    Sam

    Accountant

    Satisfied Customers:

    7088
    26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
  • http://ww2.justanswer.com/uploads/BI/bigduckontax/2013-8-12_222058_1.64x64.jpg bigduckontax's Avatar

    bigduckontax

    Accountant

    Satisfied Customers:

    2333
    FCCA FCMA CGMA ACIS
  • http://ww2.justanswer.com/uploads/TA/TaxRobin/2013-8-28_16186_femalebusinessprofessionalbinderhand11038485.64x64.jpg TaxRobin's Avatar

    TaxRobin

    Tax Consultant

    Satisfied Customers:

    524
    International tax
  • /img/opt/shirt.png taxadvisor.uk's Avatar

    taxadvisor.uk

    Chartered Certified Accountant

    Satisfied Customers:

    2845
    FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
  • http://ww2.justanswer.com/uploads/MS/MsAM/2012-6-9_16426_anna.64x64.jpeg Anna's Avatar

    Anna

    Teacher, writer, biologist

    Satisfied Customers:

    270
    Great research skills, variety of work experiences, teaching experience.
  • http://ww2.justanswer.com/uploads/PD/pdheslin/2012-6-6_232056_pambig.64x64.jpg pdheslin's Avatar

    pdheslin

    Consultant

    Satisfied Customers:

    51
    20+ years of internet site creation and search engine optimization. Dozens of search tools at my disposal.
 
 
 

Related Tax Questions